Lake State Credit Union

Lake State Credit Union is headquartered in Moose Lake and is the 19^st largest credit union in the state of Minnesota. It is also the 935^th largest credit union in the nation. It was established in 1939 and as of December of 2011, it had grown to 69 employees and 16,719 members. Lake State Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

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Data for Q4 2011

Institution Statistics LAKE STATE NCUA # 20035 BankRate Report View Year Chartered 1939 Employees 69 Primary Regulator Assets and Liabilities Assets $178.07 million Loans $124.25 million Deposits $159.48 million Equity Capital $18.29 million Loan Loss Allowance $2.25 million Unbacked Noncurrent Loans $1.94 million Real Estate Owned $393,000 Historic Data - December 2010 Assets $180.27 million Equity Capital $17.39 million Loan Loss Allowance $2.57 million Unbacked Noncurrent Loans $3.15 million Real Estate Owned $1.08 million Profit Margin - Quarterly Net Interest Margin 5.73% Return on Assets 0.51% Return on Equity 4.94% Interest Income $8.44 million Non-Interest Income $2.21 million

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 Lake State Credit Union had $2.33 million in non-current loans and owned real-estate with $20.54 million in equity and loan loss allowances on hand to cover it. This gives Lake State Credit Union a Texas Ratio of 11.36% 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 Lake State Credit Union decreased significantly from 21.20% as of December 31, 2010 to 11.36% as of December 31, 2011, resulting in a positive change of 46.43%.This indicates that the balance sheet and financial strength for Lake State Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Lake State Credit Union has decreased its total deposits by -$2.43 million, resulting in -1.5% 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 Lake State Credit Union has shown is below 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. Lake State Credit Union has $178.07 million in assets with $20.54 million in equity, resulting in a capitalization level of 11.54%, which is above average.

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