Richton Bank & Trust Company

Richton Bank & Trust Company is headquartered in Richton and is the 79^th largest bank in the state of Mississippi. It is also the 5,938^th largest bank in the nation. It was established in 1931 and as of March of 2012, it had grown to 22 employees at 3 locations. Richton Bank & Trust Company has a 5-star health rating.

Data for Q1 2012

Institution Statistics Richton Bank & Trust Company FDIC Certificate # 11817 BankRate Report View Year Established 1931 Employees 22 Primary Regulator FDIC Assets and Liabilities Assets $64.67 million Loans $28.72 million Deposits $55.83 million Equity Capital $8.24 million Loan Loss Allowance $455,000 Unbacked Noncurrent Loans $9,000 Real Estate Owned $142,000 Historic Data - March 2011 Assets $82.87 million Equity Capital $7.79 million Loan Loss Allowance $399,000 Unbacked Noncurrent Loans $27,000 Real Estate Owned $547,000 Profit Margin - Quarterly Net Interest Margin 3.86% Return on Assets 0.2% Return on Equity 1.71% Interest Income $646,000

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 Richton Bank & Trust Company had $151,000 in non-current loans and owned real-estate with $8.7 million in equity and loan loss allowances on hand to cover it. This gives Richton Bank & Trust Company a Texas Ratio of 1.74% 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 Richton Bank & Trust Company decreased significantly from 7.01% as of March 31, 2011 to 1.74% as of March 31, 2012, resulting in a positive change of 75.23%.This indicates that the balance sheet and financial strength for Richton Bank & Trust Company has improved significantly in recent periods. Deposit Growth In the past year, Richton Bank & Trust Company has decreased its total deposits by -$18.72 million, resulting in -25.11% 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 Richton Bank & Trust Company has shown is poor. 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. Richton Bank & Trust Company has $64.67 million in assets with $8.7 million in equity, resulting in a capitalization level of 13.45%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.