Security State Bank of Aitkin

Security State Bank of Aitkin is headquartered in Aitkin and is the 196^th largest bank in the state of Minnesota. It is also the 5,331^st largest bank in the nation. It was established in 1947 and as of March of 2012, it had grown to 25 employees at 4 locations. Security State Bank of Aitkin has a 4-star health rating.

Data for Q1 2012

Institution Statistics Security State Bank of Aitkin FDIC Certificate # 16656 BankRate Report View Year Established 1947 Employees 25 Primary Regulator FDIC Assets and Liabilities Assets $85.51 million Loans $59.00 million Deposits $75.26 million Equity Capital $9.25 million Loan Loss Allowance $1.07 million Unbacked Noncurrent Loans $492,000 Real Estate Owned $1.97 million Historic Data - March 2011 Assets $85.80 million Equity Capital $8.89 million Loan Loss Allowance $637,000 Unbacked Noncurrent Loans $3.92 million Real Estate Owned $2.49 million Profit Margin - Quarterly Net Interest Margin 5.03% Return on Assets -0.62% Return on Equity -5.61% Interest Income $1.05 million

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 Security State Bank of Aitkin had $2.46 million in non-current loans and owned real-estate with $10.31 million in equity and loan loss allowances on hand to cover it. This gives Security State Bank of Aitkin a Texas Ratio of 23.82% 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 Security State Bank of Aitkin decreased significantly from 67.31% as of March 31, 2011 to 23.82% as of March 31, 2012, resulting in a positive change of 64.61%.This indicates that the balance sheet and financial strength for Security State Bank of Aitkin has improved significantly in recent periods. Deposit Growth In the past year, Security State Bank of Aitkin has decreased its total deposits by $-596,000, resulting in -0.79% 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 Security State Bank of Aitkin has shown is 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. Security State Bank of Aitkin has $85.51 million in assets with $10.31 million in equity, resulting in a capitalization level of 12.06%, which is excellent.

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