Platinum Bank

Platinum Bank is headquartered in Lubbock and is the 316^st largest bank in the state of Texas. It is also the 3,991^st largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 35 employees at 2 locations. Platinum Bank has a 3-star health rating.

Platinum Bank Routing Number: 111325713

Data for Q1 2012

Institution Statistics Platinum Bank FDIC Certificate # 58608 BankRate Report View Year Established 2007 Employees 35 Primary Regulator FDIC Assets and Liabilities Assets $143.54 million Loans $86.88 million Deposits $121.59 million Equity Capital $19.61 million Loan Loss Allowance $2.41 million Unbacked Noncurrent Loans $6.94 million Real Estate Owned $948,000 Historic Data - March 2011 Assets $120.91 million Equity Capital $16.84 million Loan Loss Allowance $2.51 million Unbacked Noncurrent Loans $2.29 million Profit Margin - Quarterly Net Interest Margin 3.83% Return on Assets 1.46% Return on Equity 10.99% Interest Income $1.58 million

Institution Health Overall Score: 3 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 Platinum Bank had $7.89 million in non-current loans and owned real-estate with $22.02 million in equity and loan loss allowances on hand to cover it. This gives Platinum Bank a Texas Ratio of 35.82% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Platinum Bank increased slightly from 11.81% as of March 31, 2011 to 35.82% as of March 31, 2012, resulting in a negative change of 203.44%. This indicates that the balance sheet and financial strength for Platinum Bank has declined slightly in recent periods. Deposit Growth In the past year, Platinum Bank has increased its total deposits by $21.79 million, resulting in 21.83% 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 Platinum Bank 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. Platinum Bank has $143.54 million in assets with $22.02 million in equity, resulting in a capitalization level of 15.34%, which is excellent.

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