Institution Statistics
| Fortune Bank | | FDIC Certificate # | 58437 | | BankRate Report | View | | Year Established | 2006 | | Employees | 30 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $134.37 million | | Loans | $101.88 million | | Deposits | $117.76 million | | Equity Capital | $16.03 million | | Loan Loss Allowance | $1.55 million | | Unbacked Noncurrent Loans | $3.03 million | | Real Estate Owned | $1.93 million |
Historic Data - March 2011 | | Assets | $141.43 million | | Equity Capital | $14.96 million | | Loan Loss Allowance | $2.60 million | | Unbacked Noncurrent Loans | $2.42 million | | Real Estate Owned | $351,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.17% | | Return on Assets | 0.16% | | Return on Equity | 1.35% | | Interest Income | $1.56 million |
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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 Fortune Bank had $4.96 million in non-current loans and owned real-estate with $17.58 million in equity and loan loss allowances on hand to cover it. This gives Fortune Bank a Texas Ratio of 28.19% 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 Fortune Bank held steady from 27.03% as of March 31, 2011 to 28.19% as of March 31, 2012, resulting in a negative change of 4.28%. This indicates that the balance sheet and financial strength for Fortune Bank has held steady in recent periods. | | Deposit Growth |  | | In the past year, Fortune Bank has decreased its total deposits by -$8.11 million, resulting in -6.45% 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 Fortune Bank has shown is poor. | | 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. Fortune Bank has $134.37 million in assets with $17.58 million in equity, resulting in a capitalization level of 13.08%, which is excellent. |
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