Happy State Bank

Happy State Bank is headquartered in Happy and is the 26^th largest bank in the state of Texas. It is also the 372^nd largest bank in the nation. It was established in 1908 and as of March of 2012, it had grown to 485 employees at 29 locations. Happy State Bank has a 5-star health rating.

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Data for Q1 2012

Institution Statistics Happy State Bank FDIC Certificate # 10359 BankRate Report View Year Established 1908 Employees 485 Primary Regulator FDIC Assets and Liabilities Assets $1.87 billion Loans $1.00 billion Deposits $1.66 billion Equity Capital $169.16 million Loan Loss Allowance $16.26 million Unbacked Noncurrent Loans $10.68 million Real Estate Owned $2.73 million Historic Data - March 2011 Assets $1.60 billion Equity Capital $149.28 million Loan Loss Allowance $12.43 million Unbacked Noncurrent Loans $4.27 million Real Estate Owned $6.32 million Profit Margin - Quarterly Net Interest Margin 3.57% Return on Assets 0.63% Return on Equity 6.88% Interest Income $16.51 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 March 31, 2012 Happy State Bank had $13.41 million in non-current loans and owned real-estate with $185.42 million in equity and loan loss allowances on hand to cover it. This gives Happy State Bank a Texas Ratio of 7.23% 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 Happy State Bank held steady from 6.56% as of March 31, 2011 to 7.23% as of March 31, 2012, resulting in a negative change of 10.17%. This indicates that the balance sheet and financial strength for Happy State Bank has held steady in recent periods. Deposit Growth In the past year, Happy State Bank has increased its total deposits by $270.65 million, resulting in 19.49% 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 Happy 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. Happy State Bank has $1.87 billion in assets with $185.42 million in equity, resulting in a capitalization level of 9.91%, which is average.

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