Institution Statistics
| Farmington State Bank | | FDIC Certificate # | 6149 | | BankRate Report | View | | Year Established | 1929 | | Employees | 3 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $11.81 million | | Loans | $4.36 million | | Deposits | $10.25 million | | Equity Capital | $1.55 million | | Loan Loss Allowance | $72,000 |
Historic Data - March 2011 | | Assets | $9.76 million | | Equity Capital | $1.53 million | | Loan Loss Allowance | $69,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.53% | | Return on Assets | 0.17% | | Return on Equity | 1.3% | | Interest Income | $86,000 |
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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 Farmington State Bank had $0 in non-current loans and owned real-estate with $1.62 million in equity and loan loss allowances on hand to cover it. This gives Farmington State Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, Farmington State Bank has increased its total deposits by $2.04 million, resulting in 24.78% 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 Farmington State Bank 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. Farmington State Bank has $11.81 million in assets with $1.62 million in equity, resulting in a capitalization level of 13.70%, which is excellent. |
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