First National Bank of Gillette

First National Bank of Gillette is headquartered in Gillette and is the 5^th largest bank in the state of Wyoming. It is also the 1,437^th largest bank in the nation. It was established in 1963 and as of March of 2012, it had grown to 80 employees at 2 locations. First National Bank of Gillette has a 5-star health rating.

Data for Q1 2012

Institution Statistics First National Bank of Gillette FDIC Certificate # 18880 BankRate Report View Year Established 1963 Employees 80 Primary Regulator OCC Assets and Liabilities Assets $467.03 million Loans $124.28 million Deposits $413.69 million Equity Capital $52.04 million Loan Loss Allowance $2.40 million Unbacked Noncurrent Loans $1.72 million Real Estate Owned $576,000 Historic Data - March 2011 Assets $400.96 million Equity Capital $47.14 million Loan Loss Allowance $1.01 million Unbacked Noncurrent Loans $2.16 million Real Estate Owned $1.26 million Profit Margin - Quarterly Net Interest Margin 2.59% Return on Assets 1.37% Return on Equity 12.15% Interest Income $3.49 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 First National Bank of Gillette had $2.29 million in non-current loans and owned real-estate with $54.44 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of Gillette a Texas Ratio of 4.21% 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 First National Bank of Gillette decreased significantly from 7.09% as of March 31, 2011 to 4.21% as of March 31, 2012, resulting in a positive change of 40.64%.This indicates that the balance sheet and financial strength for First National Bank of Gillette has improved significantly in recent periods. Deposit Growth In the past year, First National Bank of Gillette has increased its total deposits by $60.72 million, resulting in 17.2% 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 First National Bank of Gillette 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. First National Bank of Gillette has $467.03 million in assets with $54.44 million in equity, resulting in a capitalization level of 11.66%, which is above average.

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