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Overview / Commentary
24 North Sumner Avenue
Newcastle, WY 82701

First State Bank of Newcastle is headquartered in Newcastle and is the 18st largest bank in the state of Wyoming. It is also the 3,720th largest bank in the nation. It was established in 1924 and as of March of 2014, it had grown to 26 employees at 1 location. First State Bank of Newcastle has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First State Bank of Newcastle had $725,000 in non-current loans and owned real-estate with $19.62 million in equity and loan loss allowances on hand to cover it. This gives First State Bank of Newcastle a Texas Ratio of 3.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First State Bank of Newcastle decreased slightly from 4.42% as of March 31, 2013 to 3.70% as of March 31, 2014, resulting in a positive change of 16.46%.This indicates that the balance sheet and financial strength for First State Bank of Newcastle has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First State Bank of Newcastle has decreased its total deposits by -$1.09 million, resulting in -0.83% 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 Newcastle has shown is average.

Capitalization

GRADE:
A+

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 Newcastle has $149.73 million in assets with $19.62 million in equity, resulting in a capitalization level of 13.10%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #1168
Year Established1924
Employees26
Primary RegulatorFED
Assets and Liabilities
Assets$149.73 million
Loans$35.80 million
Deposits$130.72 million
Equity Capital$18.86 million
Loan Loss Allowance$763,000
Unbacked Noncurrent Loans$600,000
Real Estate Owned$125,000
Historic Data - March 2013
Assets$152.73 million
Equity Capital$20.43 million
Loan Loss Allowance$686,000
Unbacked Noncurrent Loans$600,000
Real Estate Owned$129,000
Profit Margin - Quarterly
Net Interest Margin2.55%
Return on Assets0.84%
Return on Equity6.84%
Interest Income$1.04 million
Rates

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Locations


First State Bank of Newcastle Locations
First State Bank Of Newcastle24 North Sumner AvenueNewcastle, WY 82701