McKenzie Banking Company

McKenzie Banking Company is headquartered in Mc Kenzie and is the 147^th largest bank in the state of Tennessee. It is also the 4,448^th largest bank in the nation. It was established in 1934 and as of March of 2012, it had grown to 78 employees at 9 locations. McKenzie Banking Company has a 3-star health rating.

Data for Q1 2012

Institution Statistics McKenzie Banking Company FDIC Certificate # 13955 BankRate Report View Year Established 1934 Employees 78 Primary Regulator FDIC Assets and Liabilities Assets $120.81 million Loans $51.89 million Deposits $100.29 million Equity Capital $18.43 million Loan Loss Allowance $1.64 million Unbacked Noncurrent Loans $3.59 million Real Estate Owned $6.24 million Historic Data - March 2011 Assets $118.92 million Equity Capital $14.56 million Loan Loss Allowance $1.53 million Unbacked Noncurrent Loans $2.71 million Real Estate Owned $445,000 Profit Margin - Quarterly Net Interest Margin 4.89% Return on Assets 0.67% Return on Equity 4.41% Interest Income $1.46 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 McKenzie Banking Company had $9.83 million in non-current loans and owned real-estate with $20.07 million in equity and loan loss allowances on hand to cover it. This gives McKenzie Banking Company a Texas Ratio of 48.97% 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 McKenzie Banking Company increased slightly from 19.63% as of March 31, 2011 to 48.97% as of March 31, 2012, resulting in a negative change of 149.50%. This indicates that the balance sheet and financial strength for McKenzie Banking Company has declined slightly in recent periods. Deposit Growth In the past year, McKenzie Banking Company has decreased its total deposits by -$3.28 million, resulting in -3.17% 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 McKenzie Banking Company 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. McKenzie Banking Company has $120.81 million in assets with $20.07 million in equity, resulting in a capitalization level of 16.61%, which is excellent.

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