First State Bank of Miami, Texas

First State Bank of Miami, Texas is headquartered in Miami and is the 512^st largest bank in the state of Texas. It is also the 6,310^st largest bank in the nation. It was established in 1927 and as of March of 2012, it had grown to 18 employees at 2 locations. First State Bank of Miami, Texas has a 3-star health rating.

Data for Q1 2012

Institution Statistics First State Bank of Miami, Texas FDIC Certificate # 11144 BankRate Report View Year Established 1927 Employees 18 Primary Regulator FDIC Assets and Liabilities Assets $52.12 million Loans $33.21 million Deposits $49.38 million Equity Capital $2.71 million Loan Loss Allowance $391,000 Unbacked Noncurrent Loans $1.64 million Real Estate Owned $30,000 Historic Data - March 2011 Assets $41.90 million Equity Capital $2.68 million Loan Loss Allowance $436,000 Real Estate Owned $30,000 Profit Margin - Quarterly Net Interest Margin 3.98% Return on Assets 0.57% Return on Equity 10.88% Interest Income $549,000

Institution Health Overall Score: 3 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 Miami, Texas had $1.67 million in non-current loans and owned real-estate with $3.1 million in equity and loan loss allowances on hand to cover it. This gives First State Bank of Miami, Texas a Texas Ratio of 53.91% which is below average. 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 Miami, Texas increased slightly from 0.96% as of March 31, 2011 to 53.91% as of March 31, 2012, resulting in a negative change of 5,499.27%. This indicates that the balance sheet and financial strength for First State Bank of Miami, Texas has declined slightly in recent periods. Deposit Growth In the past year, First State Bank of Miami, Texas has increased its total deposits by $10.21 million, resulting in 26.06% 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 Miami, Texas 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 State Bank of Miami, Texas has $52.12 million in assets with $3.1 million in equity, resulting in a capitalization level of 5.94%, which is below average.

No reviews have been left for this bank yet. Be the first to review.