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507-776-2311
414 North Fifth Avenue East
Truman, MN 56088

PROFINIUM, INC. is headquartered in Truman and is the 43rd largest bank in the state of Minnesota. It is also the 2,037th largest bank in the nation. It was established in 1916 and as of March of 2014, it had grown to 73 employees at 3 locations. PROFINIUM, INC.'s savings rates are 44% higher than the national average, and it has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 PROFINIUM, INC. had $6.27 million in non-current loans and owned real-estate with $35.83 million in equity and loan loss allowances on hand to cover it. This gives PROFINIUM, INC. a Texas Ratio of 17.50% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for PROFINIUM, INC. experienced no significant changes from 14.74% as of March 31, 2013 to 17.50% as of March 31, 2014, resulting in a negative change of 18.72%. This indicates that the balance sheet and financial strength for PROFINIUM, INC. has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, PROFINIUM, INC. has increased its total deposits by $5.27 million, resulting in 1.97% 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 PROFINIUM, INC. has shown is above average.

Capitalization

GRADE:
A

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. PROFINIUM, INC. has $323.03 million in assets with $35.83 million in equity, resulting in a capitalization level of 11.09%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #1905
Year Established1916
Employees73
Primary RegulatorFED
Assets and Liabilities
Assets$323.03 million
Loans$215.21 million
Deposits$273.13 million
Equity Capital$31.93 million
Loan Loss Allowance$3.90 million
Unbacked Noncurrent Loans$4.45 million
Real Estate Owned$1.82 million
Historic Data - March 2013
Assets$317.16 million
Equity Capital$32.08 million
Loan Loss Allowance$2.69 million
Unbacked Noncurrent Loans$4.45 million
Real Estate Owned$2.54 million
Profit Margin - Quarterly
Net Interest Margin3.57%
Return on Assets0.41%
Return on Equity4.16%
Interest Income$3.02 million
Rates
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PROFINIUM, INC. Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%-$15kKasasa Saver - Qualifying
0.59%$200k$10mLiquid Investment Savings Account (LISA)
0.59%$25k-Health Savings Account
0.35%$25k-Merit Savings
0.10%--Kasasa Saver - Non Qualifying

PROFINIUM, INC. Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$15kKasasa Cash - Qualifying
0.10%--Kasasa Cash - Non Qualifying

PROFINIUM, INC. CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-5 Year CD
1.10%$500-4 Year CD
0.89%$500-3 Year CD
0.59%$500-2 Year CD
0.37%$500-18 Month CD
0.37%$5k-12 Month CD Special
0.31%$500-1 Year CD
0.17%$500-182 Day CD

PROFINIUM, INC. IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-5 Year IRA
1.10%$500-4 Year IRA
0.89%$500-3 Year IRA
0.59%$500-2 Year IRA
0.37%$500-18 Month IRA
0.37%$5k-12 Month IRA Special
0.31%$500-1 Year IRA
Locations


PROFINIUM, INC. Locations
Fairmont Branch105 Lake AvenueFairmont, MN 56031
Profinium Financial, Owatonna Branch1080 West Frontage RoadOwatonna, MN 55060
Profinium, Inc.414 North Fifth Avenue EastTruman, MN 56088