First State Bank of Murdock

First State Bank of Murdock is headquartered in Murdock and is the 386^th largest bank in the state of Minnesota. It is also the 7,279^th largest bank in the nation. It was established in 1892 and as of March of 2012, it had grown to 5 employees at 1 location. First State Bank of Murdock has a 3-star health rating.

Data for Q1 2012

Institution Statistics First State Bank of Murdock FDIC Certificate # 9734 BankRate Report View Year Established 1892 Employees 5 Primary Regulator FDIC Assets and Liabilities Assets $9.75 million Loans $4.18 million Deposits $8.86 million Equity Capital $875,000 Loan Loss Allowance $47,000 Unbacked Noncurrent Loans $35,000 Real Estate Owned $664,000 Historic Data - March 2011 Assets $9.27 million Equity Capital $859,000 Loan Loss Allowance $49,000 Unbacked Noncurrent Loans $3,000 Real Estate Owned $664,000 Profit Margin - Quarterly Net Interest Margin 3.97% Return on Assets -0.29% Return on Equity -3.2% Interest Income $87,000

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 Murdock had $699,000 in non-current loans and owned real-estate with $922,000 in equity and loan loss allowances on hand to cover it. This gives First State Bank of Murdock a Texas Ratio of 75.81% 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 Murdock held steady from 73.46% as of March 31, 2011 to 75.81% as of March 31, 2012, resulting in a negative change of 3.21%. This indicates that the balance sheet and financial strength for First State Bank of Murdock has held steady in recent periods. Deposit Growth In the past year, First State Bank of Murdock has increased its total deposits by $479,000, resulting in 5.71% 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 Murdock 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 Murdock has $9.75 million in assets with $922,000 in equity, resulting in a capitalization level of 9.46%, which is average.

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