Security State Bank, Wishek, North Dakota

Security State Bank, Wishek, North Dakota is headquartered in Wishek and is the 57^th largest bank in the state of North Dakota. It is also the 5,866^th largest bank in the nation. It was established in 1909 and as of March of 2012, it had grown to 15 employees at 3 locations. Security State Bank, Wishek, North Dakota has a 4-star health rating.

Data for Q1 2012

Institution Statistics Security State Bank, Wishek, North Dakota FDIC Certificate # 8642 BankRate Report View Year Established 1909 Employees 15 Primary Regulator FDIC Assets and Liabilities Assets $66.73 million Loans $25.77 million Deposits $57.13 million Equity Capital $6.93 million Loan Loss Allowance $892,000 Unbacked Noncurrent Loans $683,000 Historic Data - March 2011 Assets $58.73 million Equity Capital $6.13 million Loan Loss Allowance $903,000 Unbacked Noncurrent Loans $257,000 Profit Margin - Quarterly Net Interest Margin 2.9% Return on Assets 0.66% Return on Equity 6.47% Interest Income $537,000

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, Wishek, North Dakota had $683,000 in non-current loans and owned real-estate with $7.82 million in equity and loan loss allowances on hand to cover it. This gives Security State Bank, Wishek, North Dakota a Texas Ratio of 8.73% which is above 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, Wishek, North Dakota increased slightly from 3.65% as of March 31, 2011 to 8.73% as of March 31, 2012, resulting in a negative change of 139.02%. This indicates that the balance sheet and financial strength for Security State Bank, Wishek, North Dakota has declined slightly in recent periods. Deposit Growth In the past year, Security State Bank, Wishek, North Dakota has increased its total deposits by $7.02 million, resulting in 14.01% 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, Wishek, North Dakota 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, Wishek, North Dakota has $66.73 million in assets with $7.82 million in equity, resulting in a capitalization level of 11.72%, which is above average.

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