First National Bank of the Lakes

First National Bank of the Lakes is headquartered in Navarre and is the 246^th largest bank in the state of Minnesota. It is also the 5,990^th largest bank in the nation. It was established in 1964 and as of March of 2012, it had grown to 26 employees at 5 locations. First National Bank of the Lakes has a 4-star health rating.

Data for Q1 2012

Institution Statistics First National Bank of the Lakes FDIC Certificate # 19103 BankRate Report View Year Established 1964 Employees 26 Primary Regulator OCC Assets and Liabilities Assets $62.84 million Loans $24.94 million Deposits $56.99 million Equity Capital $5.79 million Loan Loss Allowance $557,000 Unbacked Noncurrent Loans $1.42 million Real Estate Owned $62,000 Historic Data - March 2011 Assets $59.33 million Equity Capital $5.55 million Loan Loss Allowance $602,000 Unbacked Noncurrent Loans $1.05 million Profit Margin - Quarterly Net Interest Margin 2.72% Return on Assets 0.03% Return on Equity 0.28% Interest Income $379,000

Institution Health Overall Score: 4 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 the Lakes had $1.48 million in non-current loans and owned real-estate with $6.35 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of the Lakes a Texas Ratio of 23.27% which is average. 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 the Lakes increased slightly from 14.66% as of March 31, 2011 to 23.27% as of March 31, 2012, resulting in a negative change of 58.69%. This indicates that the balance sheet and financial strength for First National Bank of the Lakes has declined slightly in recent periods. Deposit Growth In the past year, First National Bank of the Lakes has increased its total deposits by $3.66 million, resulting in 6.87% 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 the Lakes 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 the Lakes has $62.84 million in assets with $6.35 million in equity, resulting in a capitalization level of 10.10%, which is above average.

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