Lovelady State Bank

Lovelady State Bank is headquartered in Lovelady and is the 547^th largest bank in the state of Texas. It is also the 6,674^th largest bank in the nation. It was established in 1974 and as of March of 2012, it had grown to 13 employees at 1 location. Lovelady State Bank has a 4-star health rating.

Lovelady State Bank Routing Number: 113106532

Data for Q1 2012

Institution Statistics Lovelady State Bank FDIC Certificate # 21807 BankRate Report View Year Established 1974 Employees 13 Primary Regulator FDIC Assets and Liabilities Assets $40.24 million Loans $21.79 million Deposits $36.34 million Equity Capital $3.77 million Loan Loss Allowance $354,000 Unbacked Noncurrent Loans $366,000 Real Estate Owned $203,000 Historic Data - March 2011 Assets $34.72 million Equity Capital $3.63 million Loan Loss Allowance $399,000 Unbacked Noncurrent Loans $333,000 Real Estate Owned $35,000 Profit Margin - Quarterly Net Interest Margin 4.28% Return on Assets 0.86% Return on Equity 9.11% Interest Income $424,000

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 March 31, 2012 Lovelady State Bank had $569,000 in non-current loans and owned real-estate with $4.13 million in equity and loan loss allowances on hand to cover it. This gives Lovelady State Bank a Texas Ratio of 13.79% 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 Lovelady State Bank held steady from 9.13% as of March 31, 2011 to 13.79% as of March 31, 2012, resulting in a negative change of 51.02%. This indicates that the balance sheet and financial strength for Lovelady State Bank has held steady in recent periods. Deposit Growth In the past year, Lovelady State Bank has increased its total deposits by $5.42 million, resulting in 17.52% 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 Lovelady State Bank has shown is excellent. 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. Lovelady State Bank has $40.24 million in assets with $4.13 million in equity, resulting in a capitalization level of 10.25%, which is above average.

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