Select Bank

Select Bank is headquartered in Grand Rapids and is the 107^th largest bank in the state of Michigan. It is also the 5,641^st largest bank in the nation. It was established in 1996 and as of March of 2012, it had grown to 8 employees at 1 location. Select Bank has a 3-star health rating.

Select Bank Routing Number: 072413719

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Data for Q1 2012

Institution Statistics Select Bank FDIC Certificate # 34127 BankRate Report View Year Established 1996 Employees 8 Primary Regulator FDIC Assets and Liabilities Assets $74.77 million Loans $57.21 million Deposits $66.13 million Equity Capital $8.51 million Loan Loss Allowance $1.26 million Unbacked Noncurrent Loans $1.74 million Real Estate Owned $4.91 million Historic Data - March 2011 Assets $81.44 million Equity Capital $7.22 million Loan Loss Allowance $2.05 million Unbacked Noncurrent Loans $2.95 million Real Estate Owned $5.66 million Profit Margin - Quarterly Net Interest Margin 5.29% Return on Assets 0.71% Return on Equity 6.59% Interest Income $1.06 million

Institution Health Overall Score: 3 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 Select Bank had $6.65 million in non-current loans and owned real-estate with $9.76 million in equity and loan loss allowances on hand to cover it. This gives Select Bank a Texas Ratio of 68.14% 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 Select Bank decreased slightly from 92.87% as of March 31, 2011 to 68.14% as of March 31, 2012, resulting in a positive change of 26.63%.This indicates that the balance sheet and financial strength for Select Bank has improved slightly in recent periods. Deposit Growth In the past year, Select Bank has decreased its total deposits by -$4.9 million, resulting in -6.9% 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 Select Bank 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. Select Bank has $74.77 million in assets with $9.76 million in equity, resulting in a capitalization level of 13.05%, which is excellent.

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