Skagit State Bank

Skagit State Bank is headquartered in Burlington and is the 18^st largest bank in the state of Washington. It is also the 901^st largest bank in the nation. It was established in 1958 and as of March of 2012, it had grown to 167 employees at 12 locations. Skagit State Bank has a 4-star health rating.

Skagit State Bank Routing Number: 125105631

Data for Q1 2012

Institution Statistics Skagit State Bank FDIC Certificate # 17874 BankRate Report View Year Established 1958 Employees 167 Primary Regulator FDIC Assets and Liabilities Assets $743.99 million Loans $344.32 million Deposits $641.54 million Equity Capital $71.17 million Loan Loss Allowance $5.36 million Unbacked Noncurrent Loans $16.39 million Real Estate Owned $3.58 million Historic Data - March 2011 Assets $709.29 million Equity Capital $66.71 million Loan Loss Allowance $7.28 million Unbacked Noncurrent Loans $18.36 million Real Estate Owned $4.33 million Profit Margin - Quarterly Net Interest Margin 3.15% Return on Assets 0.88% Return on Equity 9.12% Interest Income $6.33 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 Skagit State Bank had $19.97 million in non-current loans and owned real-estate with $76.53 million in equity and loan loss allowances on hand to cover it. This gives Skagit State Bank a Texas Ratio of 26.09% 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 Skagit State Bank held steady from 30.68% as of March 31, 2011 to 26.09% as of March 31, 2012, resulting in a positive change of 14.94%.This indicates that the balance sheet and financial strength for Skagit State Bank has held steady in recent periods. Deposit Growth In the past year, Skagit State Bank has increased its total deposits by $34.59 million, resulting in 5.7% 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 Skagit State Bank 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. Skagit State Bank has $743.99 million in assets with $76.53 million in equity, resulting in a capitalization level of 10.29%, which is above average.

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