Security State Bank of Hibbing

Security State Bank of Hibbing is headquartered in Hibbing and is the 170^th largest bank in the state of Minnesota. It is also the 4,887^th largest bank in the nation. It was established in 1911 and as of March of 2012, it had grown to 22 employees at 1 location. Security State Bank of Hibbing has a 4-star health rating.

Data for Q1 2012

Institution Statistics Security State Bank of Hibbing FDIC Certificate # 10175 BankRate Report View Year Established 1911 Employees 22 Primary Regulator FDIC Assets and Liabilities Assets $102.57 million Loans $46.12 million Deposits $90.36 million Equity Capital $9.67 million Loan Loss Allowance $1.94 million Unbacked Noncurrent Loans $2.11 million Real Estate Owned $3.65 million Historic Data - March 2011 Assets $89.04 million Equity Capital $9.40 million Loan Loss Allowance $1.71 million Unbacked Noncurrent Loans $2.25 million Real Estate Owned $4.45 million Profit Margin - Quarterly Net Interest Margin 3.81% Return on Assets 0.66% Return on Equity 6.96% Interest Income $919,000

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 Security State Bank of Hibbing had $5.77 million in non-current loans and owned real-estate with $11.61 million in equity and loan loss allowances on hand to cover it. This gives Security State Bank of Hibbing a Texas Ratio of 49.66% 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 Security State Bank of Hibbing decreased slightly from 60.27% as of March 31, 2011 to 49.66% as of March 31, 2012, resulting in a positive change of 17.59%.This indicates that the balance sheet and financial strength for Security State Bank of Hibbing has improved slightly in recent periods. Deposit Growth In the past year, Security State Bank of Hibbing has increased its total deposits by $12.5 million, resulting in 16.05% 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 Hibbing 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. Security State Bank of Hibbing has $102.57 million in assets with $11.61 million in equity, resulting in a capitalization level of 11.32%, which is above average.

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