Northern State Bank of Thief River Falls

Northern State Bank of Thief River Falls is headquartered in Thief River Fall and is the 56^th largest bank in the state of Minnesota. It is also the 2,430^th largest bank in the nation. It was established in 1935 and as of March of 2012, it had grown to 45 employees at 3 locations. Northern State Bank of Thief River Falls has a 5-star health rating.

Data for Q1 2012

Institution Statistics Northern State Bank of Thief River Falls FDIC Certificate # 15286 BankRate Report View Year Established 1935 Employees 45 Primary Regulator FDIC Assets and Liabilities Assets $265.31 million Loans $101.00 million Deposits $228.41 million Equity Capital $28.54 million Loan Loss Allowance $2.30 million Unbacked Noncurrent Loans $1.80 million Real Estate Owned $375,000 Historic Data - March 2011 Assets $249.64 million Equity Capital $27.47 million Loan Loss Allowance $1.94 million Unbacked Noncurrent Loans $4.18 million Real Estate Owned $375,000 Profit Margin - Quarterly Net Interest Margin 2.03% Return on Assets 0.79% Return on Equity 7.24% Interest Income $1.60 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 Northern State Bank of Thief River Falls had $2.17 million in non-current loans and owned real-estate with $30.84 million in equity and loan loss allowances on hand to cover it. This gives Northern State Bank of Thief River Falls a Texas Ratio of 7.05% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Northern State Bank of Thief River Falls decreased significantly from 15.49% as of March 31, 2011 to 7.05% as of March 31, 2012, resulting in a positive change of 54.47%.This indicates that the balance sheet and financial strength for Northern State Bank of Thief River Falls has improved significantly in recent periods. Deposit Growth In the past year, Northern State Bank of Thief River Falls has increased its total deposits by $16.36 million, resulting in 7.72% 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 State Bank of Thief River Falls 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. Northern State Bank of Thief River Falls has $265.31 million in assets with $30.84 million in equity, resulting in a capitalization level of 11.62%, which is above average.

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