Great State Bank

Great State Bank is headquartered in Wilkesboro and is the 81^st largest bank in the state of North Carolina. It is also the 5,706^th largest bank in the nation. It was established in 2008 and as of March of 2012, it had grown to 14 employees at 2 locations. Great State Bank has a 5-star health rating.

Great State Bank Routing Number: 053112848

Data for Q1 2012

Institution Statistics Great State Bank FDIC Certificate # 58659 BankRate Report View Year Established 2008 Employees 14 Primary Regulator FED Assets and Liabilities Assets $72.37 million Loans $47.78 million Deposits $62.40 million Equity Capital $8.85 million Loan Loss Allowance $635,000 Unbacked Noncurrent Loans $539,000 Real Estate Owned $681,000 Historic Data - March 2011 Assets $62.93 million Equity Capital $8.37 million Loan Loss Allowance $541,000 Unbacked Noncurrent Loans $994,000 Profit Margin - Quarterly Net Interest Margin 3.28% Return on Assets 0.8% Return on Equity 6.63% Interest Income $731,000

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 Great State Bank had $1.22 million in non-current loans and owned real-estate with $9.48 million in equity and loan loss allowances on hand to cover it. This gives Great State Bank a Texas Ratio of 12.87% 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 Great State Bank held steady from 11.16% as of March 31, 2011 to 12.87% as of March 31, 2012, resulting in a negative change of 15.28%. This indicates that the balance sheet and financial strength for Great State Bank has held steady in recent periods. Deposit Growth In the past year, Great State Bank has increased its total deposits by $9.21 million, resulting in 17.32% 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 Great 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. Great State Bank has $72.37 million in assets with $9.48 million in equity, resulting in a capitalization level of 13.10%, which is excellent.

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