First State Bank of Sharon

First State Bank of Sharon is headquartered in Aneta and is the 77^th largest bank in the state of North Dakota. It is also the 6,629^th largest bank in the nation. It was established in 1934 and as of March of 2012, it had grown to 10 employees at 3 locations. First State Bank of Sharon has a 3-star health rating.

Data for Q1 2012

Institution Statistics First Financial Bank FDIC Certificate # 15776 BankRate Report View Year Established 1934 Employees 10 Primary Regulator FDIC Assets and Liabilities Assets $41.47 million Loans $23.07 million Deposits $37.27 million Equity Capital $3.66 million Loan Loss Allowance $244,000 Unbacked Noncurrent Loans $587,000 Historic Data - March 2011 Assets $40.73 million Equity Capital $3.43 million Loan Loss Allowance $171,000 Unbacked Noncurrent Loans $161,000 Profit Margin - Quarterly Net Interest Margin 3.76% Return on Assets 0.79% Return on Equity 8.81% Interest Income $410,000

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 Sharon had $587,000 in non-current loans and owned real-estate with $3.91 million in equity and loan loss allowances on hand to cover it. This gives First State Bank of Sharon a Texas Ratio of 15.02% which is 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 Sharon increased slightly from 4.48% as of March 31, 2011 to 15.02% as of March 31, 2012, resulting in a negative change of 235.57%. This indicates that the balance sheet and financial strength for First State Bank of Sharon has declined slightly in recent periods. Deposit Growth In the past year, First State Bank of Sharon has increased its total deposits by $471,000, resulting in 1.28% 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 Sharon has shown is above 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 Sharon has $41.47 million in assets with $3.91 million in equity, resulting in a capitalization level of 9.42%, which is average.

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