Magna Bank

Magna Bank is headquartered in Memphis and is the 37^th largest bank in the state of Tennessee. It is also the 1,514^st largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 147 employees at 5 locations. Magna Bank's savings rates are 25% higher than the national average, and it boasts a 5-star health rating.

Magna Bank Routing Number: 084074395

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Data for Q1 2012

Institution Statistics Magna Bank OTS # 15525 FDIC Certificate # 34937 BankRate Report View Year Established 1999 Employees 147 Primary Regulator OCC Assets and Liabilities Assets $440.63 million Loans $346.91 million Deposits $329.58 million Equity Capital $61.98 million Loan Loss Allowance $5.56 million Unbacked Noncurrent Loans $1.76 million Real Estate Owned $5.83 million Historic Data - March 2011 Assets $412.30 million Equity Capital $52.73 million Loan Loss Allowance $5.55 million Unbacked Noncurrent Loans $4.17 million Real Estate Owned $8.83 million Profit Margin - Quarterly Net Interest Margin 3.6% Return on Assets 0.59% Return on Equity 4.22% Interest Income $4.66 million

Institution Health Overall Score: 5 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 Magna Bank had $7.59 million in non-current loans and owned real-estate with $67.55 million in equity and loan loss allowances on hand to cover it. This gives Magna Bank a Texas Ratio of 11.23% 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 Magna Bank decreased significantly from 24.12% as of March 31, 2011 to 11.23% as of March 31, 2012, resulting in a positive change of 53.42%.This indicates that the balance sheet and financial strength for Magna Bank has improved significantly in recent periods. Deposit Growth In the past year, Magna Bank has increased its total deposits by $25.03 million, resulting in 8.22% 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 Magna 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. Magna Bank has $440.63 million in assets with $67.55 million in equity, resulting in a capitalization level of 15.33%, which is excellent.

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