State Bank of Faribault

State Bank of Faribault is headquartered in Faribault and is the 91^st largest bank in the state of Minnesota. It is also the 3,263^rd largest bank in the nation. It was established in 1919 and as of September of 2011, it had grown to 46 employees at 2 locations. State Bank of Faribault's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

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Data for Q3 2011

Institution Statistics The State Bank of Faribault FDIC Certificate # 1610 BankRate Report View Year Established 1919 Employees 46 Primary Regulator FDIC Assets and Liabilities Assets $187.49 million Loans $83.32 million Deposits $163.85 million Equity Capital $21.94 million Loan Loss Allowance $2.47 million Unbacked Noncurrent Loans $1.13 million Real Estate Owned $2.41 million Historic Data - September 2010 Assets $176.08 million Equity Capital $20.18 million Loan Loss Allowance $2.34 million Unbacked Noncurrent Loans $2.47 million Real Estate Owned $2.78 million Profit Margin - Quarterly Net Interest Margin 3.73% Return on Assets 0.73% Return on Equity 6.47% Interest Income $5.76 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 September 30, 2011 State Bank of Faribault had $3.54 million in non-current loans and owned real-estate with $24.41 million in equity and loan loss allowances on hand to cover it. This gives State Bank of Faribault a Texas Ratio of 14.50% 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 State Bank of Faribault decreased slightly from 23.30% as of September 30, 2010 to 14.50% as of September 30, 2011, resulting in a positive change of 37.76%.This indicates that the balance sheet and financial strength for State Bank of Faribault has improved slightly in recent periods. Deposit Growth In the past year, State Bank of Faribault has increased its total deposits by $9.96 million, resulting in 6.47% 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 State Bank of Faribault 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. State Bank of Faribault has $187.49 million in assets with $24.41 million in equity, resulting in a capitalization level of 13.02%, which is excellent.

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