Lifestore Bank

Lifestore Bank is headquartered in West Jefferson and is the 47^th largest bank in the state of North Carolina. It is also the 2,220^th largest bank in the nation. It was established in 1939 and as of March of 2012, it had grown to 83 employees at 7 locations. Lifestore Bank has a 3-star health rating.

Lifestore Bank Routing Number: 253171676

Data for Q1 2012

Institution Statistics LifeStore Bank OTS # 06555 FDIC Certificate # 31217 BankRate Report View Year Established 1939 Employees 83 Primary Regulator OCC Assets and Liabilities Assets $294.31 million Loans $201.10 million Deposits $219.61 million Equity Capital $25.08 million Loan Loss Allowance $3.68 million Unbacked Noncurrent Loans $8.21 million Real Estate Owned $3.60 million Historic Data - March 2011 Assets $291.65 million Equity Capital $23.82 million Loan Loss Allowance $2.80 million Unbacked Noncurrent Loans $8.69 million Real Estate Owned $5.53 million Profit Margin - Quarterly Net Interest Margin 3.71% Return on Assets 0.36% Return on Equity 4.24% Interest Income $3.23 million

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 Lifestore Bank had $11.8 million in non-current loans and owned real-estate with $28.75 million in equity and loan loss allowances on hand to cover it. This gives Lifestore Bank a Texas Ratio of 41.06% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Lifestore Bank decreased slightly from 53.41% as of March 31, 2011 to 41.06% as of March 31, 2012, resulting in a positive change of 23.14%.This indicates that the balance sheet and financial strength for Lifestore Bank has improved slightly in recent periods. Deposit Growth In the past year, Lifestore Bank has increased its total deposits by $844,000, resulting in 0.39% 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 Lifestore Bank 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. Lifestore Bank has $294.3 million in assets with $28.75 million in equity, resulting in a capitalization level of 9.77%, which is average.

No reviews have been left for this bank yet. Be the first to review.