Institution Statistics
| The Gary State Bank | | FDIC Certificate # | 16472 | | BankRate Report | View | | Year Established | 1946 | | Employees | 5 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $12.06 million | | Loans | $7.81 million | | Deposits | $10.46 million | | Equity Capital | $1.59 million | | Loan Loss Allowance | $218,000 | | Unbacked Noncurrent Loans | $97,000 |
Historic Data - March 2011 | | Assets | $10.99 million | | Equity Capital | $1.38 million | | Loan Loss Allowance | $258,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.12% | | Return on Assets | 5.43% | | Return on Equity | 42.08% | | Interest Income | $133,000 |
|
|
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 The Gary State Bank had $97,000 in non-current loans and owned real-estate with $1.8 million in equity and loan loss allowances on hand to cover it. This gives The Gary State Bank a Texas Ratio of 5.38% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, The Gary State Bank has increased its total deposits by $865,000, resulting in 9.02% 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 Gary State Bank 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 Gary State Bank has $12.06 million in assets with $1.8 million in equity, resulting in a capitalization level of 14.95%, which is excellent. |
|
