Fort Morgan State Bank

Fort Morgan State Bank is headquartered in Fort Morgan and is the 71^st largest bank in the state of Colorado. It is also the 4,946^th largest bank in the nation. It was established in 1982 and as of September of 2011, it had grown to 34 employees at 4 locations. Fort Morgan State Bank's savings rates are 4X the national average, and it boasts a 5-star health rating.

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Data for Q3 2011

Institution Statistics Fort Morgan State Bank FDIC Certificate # 23764 BankRate Report View Year Established 1982 Employees 34 Primary Regulator FDIC Assets and Liabilities Assets $99.86 million Loans $68.31 million Deposits $73.23 million Equity Capital $11.45 million Loan Loss Allowance $1.41 million Unbacked Noncurrent Loans $869,000 Real Estate Owned $526,000 Historic Data - September 2010 Assets $78.66 million Equity Capital $7.35 million Loan Loss Allowance $1.08 million Unbacked Noncurrent Loans $1.19 million Real Estate Owned $273,000 Profit Margin - Quarterly Net Interest Margin 4.7% Return on Assets 1.22% Return on Equity 12.76% Interest Income $3.60 million

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 September 30, 2011 Fort Morgan State Bank had $1.4 million in non-current loans and owned real-estate with $12.86 million in equity and loan loss allowances on hand to cover it. This gives Fort Morgan State Bank a Texas Ratio of 10.85% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Fort Morgan State Bank decreased slightly from 17.39% as of September 30, 2010 to 10.85% as of September 30, 2011, resulting in a positive change of 37.64%.This indicates that the balance sheet and financial strength for Fort Morgan State Bank has improved slightly in recent periods. Deposit Growth In the past year, Fort Morgan State Bank has increased its total deposits by $13.19 million, resulting in 21.98% 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 Fort Morgan State Bank 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. Fort Morgan State Bank has $99.86 million in assets with $12.86 million in equity, resulting in a capitalization level of 12.88%, which is excellent.