The Citizens State Bank of Ontonagon

The Citizens State Bank of Ontonagon is headquartered in Ontonagon and is the 123^rd largest bank in the state of Michigan. It is also the 6,219^st largest bank in the nation. It was established in 1910 and as of March of 2012, it had grown to 18 employees at 3 locations. The Citizens State Bank of Ontonagon has a 4-star health rating.

Data for Q1 2012

Institution Statistics The Citizens State Bank of Ontonagon FDIC Certificate # 8183 BankRate Report View Year Established 1910 Employees 18 Primary Regulator FED Assets and Liabilities Assets $54.71 million Loans $16.12 million Deposits $46.73 million Equity Capital $7.88 million Loan Loss Allowance $425,000 Unbacked Noncurrent Loans $1.09 million Real Estate Owned $906,000 Historic Data - March 2011 Assets $53.03 million Equity Capital $8.50 million Loan Loss Allowance $446,000 Unbacked Noncurrent Loans $969,000 Real Estate Owned $1,000,000 Profit Margin - Quarterly Net Interest Margin 3.85% Return on Assets -0.09% Return on Equity -0.61% Interest Income $426,000

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 March 31, 2012 The Citizens State Bank of Ontonagon had $1.99 million in non-current loans and owned real-estate with $8.31 million in equity and loan loss allowances on hand to cover it. This gives The Citizens State Bank of Ontonagon a Texas Ratio of 24.00% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Citizens State Bank of Ontonagon held steady from 22.01% as of March 31, 2011 to 24.00% as of March 31, 2012, resulting in a negative change of 9.05%. This indicates that the balance sheet and financial strength for The Citizens State Bank of Ontonagon has held steady in recent periods. Deposit Growth In the past year, The Citizens State Bank of Ontonagon has increased its total deposits by $2.32 million, resulting in 5.23% 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 The Citizens State Bank of Ontonagon 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. The Citizens State Bank of Ontonagon has $54.71 million in assets with $8.31 million in equity, resulting in a capitalization level of 15.19%, which is excellent.

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