OldTown Bank

OldTown Bank is headquartered in Waynesville and is the 79^th largest bank in the state of North Carolina. It is also the 5,381^st largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 17 employees at 1 location. OldTown Bank's savings rates are 2X the national average, and it has a 4-star health rating.

OldTown Bank Routing Number: 053112754

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Data for Q1 2012

Institution Statistics OldTown Bank FDIC Certificate # 58561 BankRate Report View Year Established 2007 Employees 17 Primary Regulator FDIC Assets and Liabilities Assets $83.69 million Loans $49.03 million Deposits $67.88 million Equity Capital $9.44 million Loan Loss Allowance $1.48 million Unbacked Noncurrent Loans $1.82 million Real Estate Owned $866,000 Historic Data - March 2011 Assets $87.25 million Equity Capital $8.87 million Loan Loss Allowance $1.25 million Unbacked Noncurrent Loans $2.46 million Real Estate Owned $500,000 Profit Margin - Quarterly Net Interest Margin 3.25% Return on Assets 1.16% Return on Equity 10.61% Interest Income $880,000

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 OldTown Bank had $2.69 million in non-current loans and owned real-estate with $10.92 million in equity and loan loss allowances on hand to cover it. This gives OldTown Bank a Texas Ratio of 24.63% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for OldTown Bank decreased slightly from 29.27% as of March 31, 2011 to 24.63% as of March 31, 2012, resulting in a positive change of 15.85%.This indicates that the balance sheet and financial strength for OldTown Bank has improved slightly in recent periods. Deposit Growth In the past year, OldTown Bank has decreased its total deposits by -$3.13 million, resulting in -4.4% 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 OldTown Bank 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. OldTown Bank has $83.69 million in assets with $10.92 million in equity, resulting in a capitalization level of 13.05%, which is excellent.