Freeport State Bank

Freeport State Bank is headquartered in Freeport and is the 191^st largest bank in the state of Minnesota. It is also the 5,278^th largest bank in the nation. It was established in 1908 and as of March of 2012, it had grown to 20 employees at 3 locations. Freeport State Bank has a 4-star health rating.

Freeport State Bank Routing Number: 091907578

Data for Q1 2012

Institution Statistics Freeport State Bank FDIC Certificate # 8210 BankRate Report View Year Established 1908 Employees 20 Primary Regulator FDIC Assets and Liabilities Assets $87.65 million Loans $70.30 million Deposits $76.51 million Equity Capital $7.68 million Loan Loss Allowance $607,000 Unbacked Noncurrent Loans $579,000 Real Estate Owned $876,000 Historic Data - March 2011 Assets $83.32 million Equity Capital $7.39 million Loan Loss Allowance $570,000 Unbacked Noncurrent Loans $1.38 million Real Estate Owned $501,000 Profit Margin - Quarterly Net Interest Margin 5.34% Return on Assets 1.2% Return on Equity 13.65% Interest Income $1.23 million

Institution Health Overall Score: 4 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 Freeport State Bank had $1.46 million in non-current loans and owned real-estate with $8.29 million in equity and loan loss allowances on hand to cover it. This gives Freeport State Bank a Texas Ratio of 17.56% 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 Freeport State Bank decreased slightly from 21.35% as of March 31, 2011 to 17.56% as of March 31, 2012, resulting in a positive change of 17.79%.This indicates that the balance sheet and financial strength for Freeport State Bank has improved slightly in recent periods. Deposit Growth In the past year, Freeport State Bank has increased its total deposits by $4.23 million, resulting in 5.86% 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 Freeport 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. Freeport State Bank has $87.65 million in assets with $8.29 million in equity, resulting in a capitalization level of 9.46%, which is average.

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