Elgin State Bank

Elgin State Bank is headquartered in Elgin and is the 337^th largest bank in the state of Iowa. It is also the 7,139^th largest bank in the nation. It was established in 1930 and as of March of 2012, it had grown to 8 employees at 2 locations. Elgin State Bank has a 3-star health rating.

Elgin State Bank Routing Number: 073909183

Data for Q1 2012

Institution Statistics Elgin State Bank FDIC Certificate # 10489 BankRate Report View Year Established 1930 Employees 8 Primary Regulator FDIC Assets and Liabilities Assets $21.48 million Loans $7.45 million Deposits $19.70 million Equity Capital $1.75 million Loan Loss Allowance $122,000 Unbacked Noncurrent Loans $257,000 Real Estate Owned $40,000 Historic Data - March 2011 Assets $21.95 million Equity Capital $1.65 million Loan Loss Allowance $137,000 Unbacked Noncurrent Loans $80,000 Profit Margin - Quarterly Net Interest Margin 3.42% Return on Assets -0.11% Return on Equity -1.35% Interest Income $215,000

Institution Health Overall Score: 3 out of 5 Texas Ratio 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 March 31, 2012 Elgin State Bank had $297,000 in non-current loans and owned real-estate with $1.87 million in equity and loan loss allowances on hand to cover it. This gives Elgin State Bank a Texas Ratio of 15.90% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Elgin State Bank increased slightly from 4.47% as of March 31, 2011 to 15.90% as of March 31, 2012, resulting in a negative change of 255.55%. This indicates that the balance sheet and financial strength for Elgin State Bank has declined slightly in recent periods. Deposit Growth In the past year, Elgin State Bank has decreased its total deposits by $-558,000, resulting in -2.75% 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 Elgin State Bank has shown is below average. Capitalization 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. Elgin State Bank has $21.48 million in assets with $1.87 million in equity, resulting in a capitalization level of 8.70%, which is average.

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