Northern Star Bank

Northern Star Bank is headquartered in Mankato and is the 338^th largest bank in the state of Minnesota. It is also the 6,994^th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 12 employees at 2 locations. Northern Star Bank has a 1-star health rating.

Northern Star Bank Routing Number: 091916967

Data for Q1 2012

Institution Statistics Northern Star Bank FDIC Certificate # 34983 BankRate Report View Year Established 1999 Employees 12 Primary Regulator FDIC Assets and Liabilities Assets $28.29 million Loans $20.04 million Deposits $26.67 million Equity Capital $1.28 million Loan Loss Allowance $534,000 Unbacked Noncurrent Loans $6,000 Real Estate Owned $1.99 million Historic Data - March 2011 Assets $36.30 million Equity Capital $1.64 million Loan Loss Allowance $666,000 Unbacked Noncurrent Loans $145,000 Real Estate Owned $2.45 million Profit Margin - Quarterly Net Interest Margin 5.3% Return on Assets -0.92% Return on Equity -20.62% Interest Income $367,000

Institution Health Overall Score: 1 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 Northern Star Bank had $2 million in non-current loans and owned real-estate with $1.81 million in equity and loan loss allowances on hand to cover it. This gives Northern Star Bank a Texas Ratio of 110.27% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Northern Star Bank held steady from 112.62% as of March 31, 2011 to 110.27% as of March 31, 2012, resulting in a positive change of 2.09%.This indicates that the balance sheet and financial strength for Northern Star Bank has held steady in recent periods. Deposit Growth In the past year, Northern Star Bank has decreased its total deposits by -$5.11 million, resulting in -16.07% 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 Northern Star Bank has shown is poor. 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. Northern Star Bank has $28.29 million in assets with $1.81 million in equity, resulting in a capitalization level of 6.40%, which is below average.

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