Institution Statistics
| Steuben Trust Company | | FDIC Certificate # | 12936 | | BankRate Report | View | | Year Established | 1902 | | Employees | 120 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $405.05 million | | Loans | $216.14 million | | Deposits | $342.55 million | | Equity Capital | $40.82 million | | Loan Loss Allowance | $2.77 million | | Unbacked Noncurrent Loans | $2.13 million | | Real Estate Owned | $1.19 million |
Historic Data - March 2011 | | Assets | $375.30 million | | Equity Capital | $35.97 million | | Loan Loss Allowance | $2.45 million | | Unbacked Noncurrent Loans | $1.87 million | | Real Estate Owned | $1.23 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.01% | | Return on Assets | 1% | | Return on Equity | 9.76% | | Interest Income | $3.91 million |
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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 Steuben Trust Company had $3.32 million in non-current loans and owned real-estate with $43.59 million in equity and loan loss allowances on hand to cover it. This gives Steuben Trust Company a Texas Ratio of 7.63% 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 Steuben Trust Company held steady from 8.08% as of March 31, 2011 to 7.63% as of March 31, 2012, resulting in a positive change of 5.57%.This indicates that the balance sheet and financial strength for Steuben Trust Company has held steady in recent periods. | | Deposit Growth | | | In the past year, Steuben Trust Company has increased its total deposits by $27.61 million, resulting in 8.77% 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 Steuben Trust Company 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. Steuben Trust Company has $405.05 million in assets with $43.59 million in equity, resulting in a capitalization level of 10.76%, which is above average. |
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Average User Rating:
Community Bank Charges Fees Like A Large Bank
This bank talks about being a community bank but if you look at their fees you will see they are out to drain the pockets of their customer just like other much larger banks like Bank of America. The only thing that has kept customers with the bank is their staff, certainly not the management of the company. The staff is friendly and helpful as they can with their hands tied behind their back. If you ever have an overdraft you might as well forget getting it waived - a whopping $39 a check.
The company's products and marketing are stale - stay away if you are smart.
There is a credit union in town that is much better and consumers should seek out.