Institution Statistics
| Signature Bank | | FDIC Certificate # | 57631 | | BankRate Report | View | | Year Established | 2003 | | Employees | 27 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $174.94 million | | Loans | $148.37 million | | Deposits | $149.16 million | | Equity Capital | $19.32 million | | Loan Loss Allowance | $4.32 million | | Unbacked Noncurrent Loans | $2.31 million | | Real Estate Owned | $4.34 million |
Historic Data - September 2010 | | Assets | $183.77 million | | Equity Capital | $18.03 million | | Loan Loss Allowance | $3.64 million | | Unbacked Noncurrent Loans | $4.15 million | | Real Estate Owned | $4.81 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.59% | | Return on Assets | 0.8% | | Return on Equity | 7.54% | | Interest Income | $7.11 million |
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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 September 30, 2011 Signature Bank (MN) had $6.64 million in non-current loans and owned real-estate with $23.65 million in equity and loan loss allowances on hand to cover it. This gives Signature Bank (MN) a Texas Ratio of 28.10% 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 Signature Bank (MN) decreased slightly from 41.37% as of September 30, 2010 to 28.10% as of September 30, 2011, resulting in a positive change of 32.08%.This indicates that the balance sheet and financial strength for Signature Bank (MN) has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, Signature Bank (MN) has decreased its total deposits by -$3.86 million, resulting in -2.53% 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 Signature Bank (MN) has shown is below 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. Signature Bank (MN) has $174.94 million in assets with $23.65 million in equity, resulting in a capitalization level of 13.52%, which is excellent. |
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Average User Rating:
Amazing Bank!
I have had loans and accounts with several well known institutions . It seems banking is all the same even in this period of banking reform with poor customer service and thousands of uninterpretable loan documents are the standard. This is where Signature Bank is different. Signature Bank provides incredible personal service. The loan application was approximately three pages of easy to understand language. It's hard to believe such a bank exists.