Institution Statistics
| INDUSTRIAL CENTRE | | NCUA # | 3631 | | BankRate Report | View | | Year Chartered | 1940 | | Employees | 15 | | Primary Regulator | |
Assets and Liabilities | | Assets | $44.00 million | | Loans | $27.35 million | | Deposits | $37.80 million | | Equity Capital | $5.52 million | | Loan Loss Allowance | $392,000 | | Unbacked Noncurrent Loans | $882,000 |
Historic Data - December 2010 | | Assets | $43.51 million | | Equity Capital | $5.47 million | | Loan Loss Allowance | $371,000 | | Unbacked Noncurrent Loans | $455,000 | | Real Estate Owned | $229,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.03% | | Return on Assets | 0.37% | | Return on Equity | 2.99% | | Interest Income | $1.80 million | | Non-Interest Income | $515,000 |
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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 December 31, 2011 Industrial Centre Credit Union had $882,000 in non-current loans and owned real-estate with $5.91 million in equity and loan loss allowances on hand to cover it. This gives Industrial Centre Credit Union a Texas Ratio of 14.93% 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 Industrial Centre Credit Union held steady from 11.72% as of December 31, 2010 to 14.93% as of December 31, 2011, resulting in a negative change of 27.40%. This indicates that the balance sheet and financial strength for Industrial Centre Credit Union has held steady in recent periods. | | Deposit Growth | | | In the past year, Industrial Centre Credit Union has increased its total deposits by $290,000, resulting in 0.77% 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 Industrial Centre Credit Union 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. Industrial Centre Credit Union has $44 million in assets with $5.91 million in equity, resulting in a capitalization level of 13.43%, which is excellent. |
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