Pine Island Bank

Pine Island Bank is headquartered in Pine Island and is the 229^th largest bank in the state of Minnesota. It is also the 5,789^th largest bank in the nation. It was established in 1931 and as of March of 2012, it had grown to 16 employees at 1 location. Pine Island Bank's savings rates are 4X the national average, and it has a 4-star health rating.

Pine Island Bank Routing Number: 091903967

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Data for Q1 2012

Institution Statistics Pine Island Bank FDIC Certificate # 12193 BankRate Report View Year Established 1931 Employees 16 Primary Regulator FDIC Assets and Liabilities Assets $69.32 million Loans $36.26 million Deposits $54.79 million Equity Capital $8.06 million Loan Loss Allowance $612,000 Unbacked Noncurrent Loans $971,000 Real Estate Owned $481,000 Historic Data - March 2011 Assets $67.55 million Equity Capital $7.23 million Loan Loss Allowance $509,000 Unbacked Noncurrent Loans $2.29 million Profit Margin - Quarterly Net Interest Margin 3.57% Return on Assets 1.1% Return on Equity 9.58% Interest Income $725,000

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 Pine Island Bank had $1.45 million in non-current loans and owned real-estate with $8.67 million in equity and loan loss allowances on hand to cover it. This gives Pine Island Bank a Texas Ratio of 16.74% 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 Pine Island Bank decreased significantly from 29.59% as of March 31, 2011 to 16.74% as of March 31, 2012, resulting in a positive change of 43.44%.This indicates that the balance sheet and financial strength for Pine Island Bank has improved significantly in recent periods. Deposit Growth In the past year, Pine Island Bank has increased its total deposits by $945,000, resulting in 1.76% 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 Pine Island Bank has shown is above 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. Pine Island Bank has $69.32 million in assets with $8.67 million in equity, resulting in a capitalization level of 12.51%, which is excellent.

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