First Priority FCU

Institution Health

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 June 30, 2013 First Priority FCU had $577,000 in non-current loans and owned real-estate with $6.72 million in equity and loan loss allowances on hand to cover it. This gives First Priority FCU a Texas Ratio of 8.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

The Texas Ratio for First Priority FCU decreased dramatically from 13.59% as of June 30, 2012 to 8.59% as of June 30, 2013, resulting in a positive change of 36.77%.This indicates that the balance sheet and financial strength for First Priority FCU has improved dramatically in recent periods.

In the past year, First Priority FCU has increased its total deposits by $336,000, resulting in 0.68% 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 Priority FCU has shown is above average.

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 Priority FCU has $55.59 million in assets with $6.72 million in equity, resulting in a capitalization level of 12.08%, which is excellent.

Institution Statistics