North Shore Bank of Commerce

North Shore Bank of Commerce is headquartered in Duluth and is the 66^th largest bank in the state of Minnesota. It is also the 2,750^th largest bank in the nation. It was established in 1915 and as of March of 2012, it had grown to 100 employees at 8 locations. North Shore Bank of Commerce has a 4-star health rating.

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Data for Q1 2012

Institution Statistics North Shore Bank of Commerce FDIC Certificate # 8850 BankRate Report View Year Established 1915 Employees 100 Primary Regulator FED Assets and Liabilities Assets $232.92 million Loans $167.34 million Deposits $216.65 million Equity Capital $14.23 million Loan Loss Allowance $1.38 million Unbacked Noncurrent Loans $1.80 million Real Estate Owned $62,000 Historic Data - March 2011 Assets $209.54 million Equity Capital $13.76 million Loan Loss Allowance $1.37 million Unbacked Noncurrent Loans $1.23 million Real Estate Owned $308,000 Profit Margin - Quarterly Net Interest Margin 3.69% Return on Assets 1.03% Return on Equity 16.68% Interest Income $2.19 million

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 North Shore Bank of Commerce had $1.87 million in non-current loans and owned real-estate with $15.61 million in equity and loan loss allowances on hand to cover it. This gives North Shore Bank of Commerce a Texas Ratio of 11.95% 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 North Shore Bank of Commerce held steady from 10.24% as of March 31, 2011 to 11.95% as of March 31, 2012, resulting in a negative change of 16.71%. This indicates that the balance sheet and financial strength for North Shore Bank of Commerce has held steady in recent periods. Deposit Growth In the past year, North Shore Bank of Commerce has increased its total deposits by $25.46 million, resulting in 13.32% 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 North Shore Bank of Commerce 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. North Shore Bank of Commerce has $232.92 million in assets with $15.61 million in equity, resulting in a capitalization level of 6.70%, which is below average.

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