State Bank of Florence

State Bank of Florence is headquartered in Florence and is the 216^st largest bank in the state of Wisconsin. It is also the 5,658^th largest bank in the nation. It was established in 1891 and as of March of 2012, it had grown to 24 employees at 3 locations. State Bank of Florence has a 3-star health rating.

State Bank of Florence Routing Number: 091505242

Data for Q1 2012

Institution Statistics State Bank of Florence FDIC Certificate # 15146 BankRate Report View Year Established 1891 Employees 24 Primary Regulator FDIC Assets and Liabilities Assets $74.07 million Loans $42.85 million Deposits $62.29 million Equity Capital $7.01 million Loan Loss Allowance $663,000 Unbacked Noncurrent Loans $2.76 million Real Estate Owned $583,000 Historic Data - March 2011 Assets $76.85 million Equity Capital $6.62 million Loan Loss Allowance $773,000 Unbacked Noncurrent Loans $3.54 million Real Estate Owned $2.04 million Profit Margin - Quarterly Net Interest Margin 4.26% Return on Assets 0.52% Return on Equity 5.41% Interest Income $855,000

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 State Bank of Florence had $3.34 million in non-current loans and owned real-estate with $7.68 million in equity and loan loss allowances on hand to cover it. This gives State Bank of Florence a Texas Ratio of 43.54% 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 State Bank of Florence decreased slightly from 70.96% as of March 31, 2011 to 43.54% as of March 31, 2012, resulting in a positive change of 38.64%.This indicates that the balance sheet and financial strength for State Bank of Florence has improved slightly in recent periods. Deposit Growth In the past year, State Bank of Florence has decreased its total deposits by -$2.66 million, resulting in -4.1% 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 Florence 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. State Bank of Florence has $74.07 million in assets with $7.68 million in equity, resulting in a capitalization level of 10.36%, which is above average.

No reviews have been left for this bank yet. Be the first to review.