Fulton State Bank

Fulton State Bank is headquartered in Fulton and is the 51^st largest bank in the state of South Dakota. It is also the 6,161^st largest bank in the nation. It was established in 1924 and as of March of 2012, it had grown to 13 employees at 2 locations. Fulton State Bank has a 5-star health rating.

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Data for Q1 2012

Institution Statistics Fulton State Bank FDIC Certificate # 6065 BankRate Report View Year Established 1924 Employees 13 Primary Regulator FED Assets and Liabilities Assets $56.78 million Loans $22.47 million Deposits $50.09 million Equity Capital $6.12 million Loan Loss Allowance $466,000 Unbacked Noncurrent Loans $36,000 Historic Data - March 2011 Assets $50.91 million Equity Capital $5.49 million Loan Loss Allowance $495,000 Unbacked Noncurrent Loans $88,000 Profit Margin - Quarterly Net Interest Margin 3.3% Return on Assets 0.95% Return on Equity 8.64% Interest Income $507,000

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 March 31, 2012 Fulton State Bank had $36,000 in non-current loans and owned real-estate with $6.59 million in equity and loan loss allowances on hand to cover it. This gives Fulton State Bank a Texas Ratio of 0.55% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Fulton State Bank decreased significantly from 1.47% as of March 31, 2011 to 0.55% as of March 31, 2012, resulting in a positive change of 62.84%.This indicates that the balance sheet and financial strength for Fulton State Bank has improved significantly in recent periods. Deposit Growth In the past year, Fulton State Bank has increased its total deposits by $5.03 million, resulting in 11.16% 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 Fulton 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. Fulton State Bank has $56.78 million in assets with $6.59 million in equity, resulting in a capitalization level of 11.60%, which is above average.

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