First Security Bank - West

First Security Bank - West is headquartered in Beulah and is the 61^st largest bank in the state of North Dakota. It is also the 5,928^th largest bank in the nation. It was established in 1915 and as of March of 2012, it had grown to 7 employees at 2 locations. First Security Bank - West has a 4-star health rating.

Data for Q1 2012

Institution Statistics First Security Bank - West FDIC Certificate # 10253 BankRate Report View Year Established 1915 Employees 7 Primary Regulator FDIC Assets and Liabilities Assets $65.06 million Loans $19.49 million Deposits $54.81 million Equity Capital $9.98 million Loan Loss Allowance $370,000 Real Estate Owned $565,000 Historic Data - March 2011 Assets $87.63 million Equity Capital $9.59 million Loan Loss Allowance $808,000 Real Estate Owned $565,000 Profit Margin - Quarterly Net Interest Margin 4.2% Return on Assets 4.65% Return on Equity 31.14% Interest Income $642,000

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 Security Bank - West had $565,000 in non-current loans and owned real-estate with $10.35 million in equity and loan loss allowances on hand to cover it. This gives First Security Bank - West a Texas Ratio of 5.46% 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 Security Bank - West held steady from 5.43% as of March 31, 2011 to 5.46% as of March 31, 2012, resulting in a negative change of 0.47%. This indicates that the balance sheet and financial strength for First Security Bank - West has held steady in recent periods. Deposit Growth In the past year, First Security Bank - West has decreased its total deposits by -$23.07 million, resulting in -29.62% 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 Security Bank - West has shown is poor. 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 Security Bank - West has $65.06 million in assets with $10.35 million in equity, resulting in a capitalization level of 15.90%, which is excellent.

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