Hertford Savings Bank, SSB

Hertford Savings Bank, SSB is headquartered in Hertford and is the 92^nd largest bank in the state of North Carolina. It is also the 7,229^th largest bank in the nation. It was established in 1923 and as of March of 2012, it had grown to 3 employees at 1 location. Hertford Savings Bank, SSB has a 3-star health rating.

Hertford Savings Bank, SSB Routing Number: 253170677

Data for Q1 2012

Institution Statistics Hertford Savings Bank, SSB FDIC Certificate # 31345 BankRate Report View Year Established 1923 Employees 3 Primary Regulator FDIC Assets and Liabilities Assets $15.54 million Loans $9.97 million Deposits $13.57 million Equity Capital $1.95 million Loan Loss Allowance $48,000 Unbacked Noncurrent Loans $249,000 Real Estate Owned $135,000 Historic Data - March 2011 Assets $15.52 million Equity Capital $1.85 million Loan Loss Allowance $30,000 Unbacked Noncurrent Loans $158,000 Profit Margin - Quarterly Net Interest Margin 3.7% Return on Assets 0.76% Return on Equity 6.2% Interest Income $145,000

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 Hertford Savings Bank, SSB had $384,000 in non-current loans and owned real-estate with $2 million in equity and loan loss allowances on hand to cover it. This gives Hertford Savings Bank, SSB a Texas Ratio of 19.22% 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 Hertford Savings Bank, SSB increased slightly from 8.41% as of March 31, 2011 to 19.22% as of March 31, 2012, resulting in a negative change of 128.56%. This indicates that the balance sheet and financial strength for Hertford Savings Bank, SSB has declined slightly in recent periods. Deposit Growth In the past year, Hertford Savings Bank, SSB has decreased its total deposits by $-94,000, resulting in -0.69% 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 Hertford Savings Bank, SSB has shown is average. 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. Hertford Savings Bank, SSB has $15.54 million in assets with $2 million in equity, resulting in a capitalization level of 12.86%, which is excellent.

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