Institution Statistics
| LATVIAN | | NCUA # | 63891 | | BankRate Report | View | | Year Chartered | 1965 | | Employees | 0 | | Primary Regulator | |
Assets and Liabilities | | Assets | $3.88 million | | Loans | $2.72 million | | Deposits | $3.49 million | | Equity Capital | $363,000 | | Loan Loss Allowance | $82,000 |
Historic Data - December 2010 | | Assets | $3.98 million | | Equity Capital | $327,000 | | Loan Loss Allowance | $10,000 | | Unbacked Noncurrent Loans | $3,000 |
Profit Margin - Quarterly | | Net Interest Margin | 6.09% | | Return on Assets | 0.31% | | Return on Equity | 3.31% | | Interest Income | $206,000 | | Non-Interest Income | $42,000 |
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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 Latvian CU (MN) had $0 in non-current loans and owned real-estate with $445,000 in equity and loan loss allowances on hand to cover it. This gives Latvian CU (MN) a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth |  | | In the past year, Latvian CU (MN) has decreased its total deposits by $-145,000, resulting in -3.98% 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 Latvian CU (MN) 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. Latvian CU (MN) has $3.88 million in assets with $445,000 in equity, resulting in a capitalization level of 11.46%, which is above average. |
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