Exchange State Bank (MI)

Exchange State Bank (MI) is headquartered in Carsonville and is the 83^rd largest bank in the state of Michigan. It is also the 4,093^rd largest bank in the nation. It was established in 1901 and as of March of 2012, it had grown to 35 employees at 6 locations. Exchange State Bank (MI) has a 5-star health rating.

Data for Q1 2012

Institution Statistics Exchange State Bank FDIC Certificate # 15064 BankRate Report View Year Established 1901 Employees 35 Primary Regulator FDIC Assets and Liabilities Assets $137.09 million Loans $91.28 million Deposits $121.16 million Equity Capital $13.48 million Loan Loss Allowance $1.14 million Unbacked Noncurrent Loans $1.07 million Real Estate Owned $61,000 Historic Data - March 2011 Assets $126.04 million Equity Capital $12.19 million Loan Loss Allowance $1.16 million Unbacked Noncurrent Loans $1.77 million Real Estate Owned $62,000 Profit Margin - Quarterly Net Interest Margin 4.25% Return on Assets 1.17% Return on Equity 11.86% Interest Income $1.54 million

Institution Health Overall Score: 5 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 Exchange State Bank (MI) had $1.13 million in non-current loans and owned real-estate with $14.62 million in equity and loan loss allowances on hand to cover it. This gives Exchange State Bank (MI) a Texas Ratio of 7.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Exchange State Bank (MI) decreased significantly from 13.73% as of March 31, 2011 to 7.72% as of March 31, 2012, resulting in a positive change of 43.76%.This indicates that the balance sheet and financial strength for Exchange State Bank (MI) has improved significantly in recent periods. Deposit Growth In the past year, Exchange State Bank (MI) has increased its total deposits by $9.6 million, resulting in 8.61% 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 Exchange State Bank (MI) has shown is excellent. 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. Exchange State Bank (MI) has $137.09 million in assets with $14.62 million in equity, resulting in a capitalization level of 10.66%, which is above average.

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