Institution Statistics
| SUMTER CITY | | NCUA # | 60752 | | BankRate Report | View | | Year Chartered | 1964 | | Employees | 1 | | Primary Regulator | |
Assets and Liabilities | | Assets | $2.93 million | | Loans | $1.47 million | | Deposits | $2.47 million | | Equity Capital | $461,000 | | Loan Loss Allowance | $34,000 | | Unbacked Noncurrent Loans | $1,000 |
Historic Data - December 2010 | | Assets | $3.29 million | | Equity Capital | $468,000 | | Loan Loss Allowance | $35,000 |
Profit Margin - Quarterly | | Net Interest Margin | 6.03% | | Return on Assets | -0.24% | | Return on Equity | -1.52% | | Interest Income | $110,000 |
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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 December 31, 2011 Sumter City Credit Union had $1,000 in non-current loans and owned real-estate with $495,000 in equity and loan loss allowances on hand to cover it. This gives Sumter City Credit Union a Texas Ratio of 0.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth |  | | In the past year, Sumter City Credit Union has decreased its total deposits by $-346,000, resulting in -12.3% 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 Sumter City Credit Union has shown is poor. | | 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. Sumter City Credit Union has $2.93 million in assets with $495,000 in equity, resulting in a capitalization level of 16.89%, which is excellent. |
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