The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Citizens State Bank (Corrigan, TX) had $363,000 in non-current loans and owned real-estate with $11.65 million in equity and loan loss allowances on hand to cover it. This gives Citizens State Bank (Corrigan, TX) a Texas Ratio of 3.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Citizens State Bank (Corrigan, TX) decreased dramatically from 11.27% as of December 31, 2012 to 3.12% as of December 31, 2013, resulting in a positive change of 72.36%.This indicates that the balance sheet and financial strength for Citizens State Bank (Corrigan, TX) has improved dramatically in recent periods.
In the past year, Citizens State Bank (Corrigan, TX) has increased its total deposits by $4.58 million, resulting in 4.69% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Citizens State Bank (Corrigan, TX) has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Citizens State Bank (Corrigan, TX) has $114.01 million in assets with $11.65 million in equity, resulting in a capitalization level of 10.22%, which is above average.