Farmers State Bank of Watkins

Farmers State Bank of Watkins is headquartered in Watkins and is the 309^th largest bank in the state of Minnesota. It is also the 6,754^th largest bank in the nation. It was established in 1914 and as of March of 2012, it had grown to 10 employees at 1 location. Farmers State Bank of Watkins has a 5-star health rating.

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Data for Q1 2012

Institution Statistics Farmers State Bank of Watkins FDIC Certificate # 8864 BankRate Report View Year Established 1914 Employees 10 Primary Regulator FDIC Assets and Liabilities Assets $37.57 million Loans $18.67 million Deposits $32.20 million Equity Capital $5.05 million Loan Loss Allowance $217,000 Unbacked Noncurrent Loans $399,000 Real Estate Owned $179,000 Historic Data - March 2011 Assets $36.06 million Equity Capital $4.90 million Loan Loss Allowance $229,000 Unbacked Noncurrent Loans $511,000 Real Estate Owned $296,000 Profit Margin - Quarterly Net Interest Margin 4.41% Return on Assets 1.84% Return on Equity 13.42% Interest Income $417,000

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 State Bank of Watkins had $578,000 in non-current loans and owned real-estate with $5.27 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank of Watkins a Texas Ratio of 10.97% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Farmers State Bank of Watkins decreased slightly from 15.74% as of March 31, 2011 to 10.97% as of March 31, 2012, resulting in a positive change of 30.33%.This indicates that the balance sheet and financial strength for Farmers State Bank of Watkins has improved slightly in recent periods. Deposit Growth In the past year, Farmers State Bank of Watkins has increased its total deposits by $1.42 million, resulting in 4.6% 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 State Bank of Watkins has shown is above 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. Farmers State Bank of Watkins has $37.57 million in assets with $5.27 million in equity, resulting in a capitalization level of 14.03%, which is excellent.

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