Square 1 Bank

Square 1 Bank is headquartered in Durham and is the 10^st largest bank in the state of North Carolina. It is also the 418^st largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 193 employees at 1 location. Square 1 Bank has a 5-star health rating.

Square 1 Bank Routing Number: 053112615

Data for Q1 2012

Institution Statistics Square 1 Bank FDIC Certificate # 58021 BankRate Report View Year Established 2005 Employees 193 Primary Regulator FDIC Assets and Liabilities Assets $1.61 billion Loans $716.10 million Deposits $1.46 billion Equity Capital $131.40 million Loan Loss Allowance $12.74 million Unbacked Noncurrent Loans $10.10 million Historic Data - March 2011 Assets $1.49 billion Equity Capital $110.99 million Loan Loss Allowance $10.35 million Unbacked Noncurrent Loans $7.50 million Profit Margin - Quarterly Net Interest Margin 4.09% Return on Assets 0.81% Return on Equity 10.26% Interest Income $16.01 million

Institution Health Overall Score: 5 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 Square 1 Bank had $10.1 million in non-current loans and owned real-estate with $144.14 million in equity and loan loss allowances on hand to cover it. This gives Square 1 Bank a Texas Ratio of 7.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Square 1 Bank held steady from 6.18% as of March 31, 2011 to 7.01% as of March 31, 2012, resulting in a negative change of 13.33%. This indicates that the balance sheet and financial strength for Square 1 Bank has held steady in recent periods. Deposit Growth In the past year, Square 1 Bank has increased its total deposits by $93.72 million, resulting in 6.86% 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 Square 1 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. Square 1 Bank has $1.61 billion in assets with $144.14 million in equity, resulting in a capitalization level of 8.94%, which is average.

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