The First National Bank of Canton

The First National Bank of Canton is headquartered in Canton and is the 349^th largest bank in the state of Texas. It is also the 4,404^th largest bank in the nation. It was established in 1905 and as of March of 2012, it had grown to 33 employees at 3 locations. The First National Bank of Canton has a 4-star health rating.

Data for Q1 2012

Institution Statistics The First National Bank of Canton FDIC Certificate # 3130 BankRate Report View Year Established 1905 Employees 33 Primary Regulator OCC Assets and Liabilities Assets $122.60 million Loans $63.88 million Deposits $111.13 million Equity Capital $11.31 million Loan Loss Allowance $706,000 Unbacked Noncurrent Loans $12,000 Real Estate Owned $2.07 million Historic Data - March 2011 Assets $106.57 million Equity Capital $10.47 million Loan Loss Allowance $716,000 Unbacked Noncurrent Loans $600,000 Real Estate Owned $2.02 million Profit Margin - Quarterly Net Interest Margin 3.62% Return on Assets 1.12% Return on Equity 12.15% Interest Income $1.17 million

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 First National Bank of Canton had $2.08 million in non-current loans and owned real-estate with $12.02 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Canton a Texas Ratio of 17.28% 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 First National Bank of Canton decreased slightly from 23.44% as of March 31, 2011 to 17.28% as of March 31, 2012, resulting in a positive change of 26.28%.This indicates that the balance sheet and financial strength for The First National Bank of Canton has improved slightly in recent periods. Deposit Growth In the past year, The First National Bank of Canton has increased its total deposits by $15.18 million, resulting in 15.82% 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 First National Bank of Canton 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 First National Bank of Canton has $122.6 million in assets with $12.02 million in equity, resulting in a capitalization level of 9.80%, which is average.

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