First State Bank of Le Center

First State Bank of Le Center is headquartered in Le Center and is the 235^th largest bank in the state of Minnesota. It is also the 5,855^th largest bank in the nation. It was established in 1902 and as of March of 2012, it had grown to 19 employees at 2 locations. First State Bank of Le Center has a 5-star health rating.

First State Bank of Le Center Routing Number: 091904267

Data for Q1 2012

Institution Statistics First State Bank of Le Center FDIC Certificate # 9330 BankRate Report View Year Established 1902 Employees 19 Primary Regulator FDIC Assets and Liabilities Assets $67.11 million Loans $43.80 million Deposits $58.44 million Equity Capital $7.92 million Loan Loss Allowance $528,000 Unbacked Noncurrent Loans $157,000 Real Estate Owned $231,000 Historic Data - March 2011 Assets $65.82 million Equity Capital $7.16 million Loan Loss Allowance $541,000 Unbacked Noncurrent Loans $1.22 million Real Estate Owned $358,000 Profit Margin - Quarterly Net Interest Margin 4.86% Return on Assets 2.24% Return on Equity 19.38% Interest Income $857,000

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 State Bank of Le Center had $388,000 in non-current loans and owned real-estate with $8.44 million in equity and loan loss allowances on hand to cover it. This gives First State Bank of Le Center a Texas Ratio of 4.59% 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 State Bank of Le Center decreased significantly from 20.50% as of March 31, 2011 to 4.59% as of March 31, 2012, resulting in a positive change of 77.59%.This indicates that the balance sheet and financial strength for First State Bank of Le Center has improved significantly in recent periods. Deposit Growth In the past year, First State Bank of Le Center has increased its total deposits by $568,000, resulting in 0.98% 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 State Bank of Le Center has shown is average. 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 State Bank of Le Center has $67.11 million in assets with $8.44 million in equity, resulting in a capitalization level of 12.58%, which is excellent.

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