Institution Statistics
| NCUA # | 20194 | | BankRate Report | View | | Year Established | 1970 | | Employees | 92 | | Primary Regulator | |
Assets and Liabilities | | Assets | $217.66 million | | Loans | $190.67 million | | Deposits | $197.66 million | | Equity Capital | $18.50 million | | Loan Loss Allowance | $2.57 million | | Unbacked Noncurrent Loans | $7.11 million | | Real Estate Owned | $882,000 |
Historic Data - March 2009 | | Assets | $197.12 million | | Equity Capital | $18.12 million | | Loan Loss Allowance | $1.89 million | | Unbacked Noncurrent Loans | $5.88 million |
Profit Margin - Quarterly | | Net Interest Margin | 1.22% | | Return on Assets | 1.86% | | Return on Equity | 21.88% | | Interest Income | $3.07 million | | Non-Interest Income | $977,000 |
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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 1, 2010 Mid-Minnesota FCU had $7.99 million in non-current loans and owned real-estate with $21.06 million in equity and loan loss allowances on hand to cover it. This gives Mid-Minnesota FCU a Texas Ratio of 37.92% 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 Mid-Minnesota FCU increased slightly from 29.38% as of March 1, 2009 to 37.92% as of March 1, 2010, resulting in a negative change of 29.05%. This indicates that the balance sheet and financial strength for Mid-Minnesota FCU has declined slightly in recent periods. | | Deposit Growth |  | | In the past year, Mid-Minnesota FCU has increased it's total deposits by $30.19 million, resulting in 18.03% 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 Mid-Minnesota FCU 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. Mid-Minnesota FCU has $217.66 million in assets with $21.06 million in equity, resulting in a capitalization level of 9.68%, which is below average. |
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