Farmers and Merchants State Bank of Sacred Heart

Farmers and Merchants State Bank of Sacred Heart is headquartered in Sacred Heart and is the 355^th largest bank in the state of Minnesota. It is also the 7,062^nd largest bank in the nation. It was established in 1905 and as of March of 2012, it had grown to 5 employees at 1 location. Farmers and Merchants State Bank of Sacred Heart has a 5-star health rating.

Data for Q1 2012

Institution Statistics Farmers and Merchants State Bank of Sacred Heart FDIC Certificate # 1901 BankRate Report View Year Established 1905 Employees 5 Primary Regulator FDIC Assets and Liabilities Assets $25.48 million Loans $10.28 million Deposits $22.55 million Equity Capital $2.91 million Loan Loss Allowance $174,000 Unbacked Noncurrent Loans $142,000 Historic Data - March 2011 Assets $23.89 million Equity Capital $2.78 million Loan Loss Allowance $162,000 Unbacked Noncurrent Loans $74,000 Profit Margin - Quarterly Net Interest Margin 2.92% Return on Assets -0.03% Return on Equity -0.27% Interest Income $220,000

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 Farmers and Merchants State Bank of Sacred Heart had $142,000 in non-current loans and owned real-estate with $3.08 million in equity and loan loss allowances on hand to cover it. This gives Farmers and Merchants State Bank of Sacred Heart a Texas Ratio of 4.61% 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 Farmers and Merchants State Bank of Sacred Heart held steady from 2.52% as of March 31, 2011 to 4.61% as of March 31, 2012, resulting in a negative change of 82.99%. This indicates that the balance sheet and financial strength for Farmers and Merchants State Bank of Sacred Heart has held steady in recent periods. Deposit Growth In the past year, Farmers and Merchants State Bank of Sacred Heart has increased its total deposits by $1.47 million, resulting in 6.98% 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 Farmers and Merchants State Bank of Sacred Heart 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. Farmers and Merchants State Bank of Sacred Heart has $25.48 million in assets with $3.08 million in equity, resulting in a capitalization level of 12.09%, which is excellent.

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