The Honor State Bank

The Honor State Bank is headquartered in Honor and is the 67^th largest bank in the state of Michigan. It is also the 3,210^st largest bank in the nation. It was established in 1917 and as of March of 2012, it had grown to 73 employees at 10 locations. The Honor State Bank has a 4-star health rating.

Data for Q1 2012

Institution Statistics Honor Bank FDIC Certificate # 8165 BankRate Report View Year Established 1917 Employees 73 Primary Regulator FDIC Assets and Liabilities Assets $193.45 million Loans $131.12 million Deposits $168.23 million Equity Capital $17.81 million Loan Loss Allowance $2.79 million Unbacked Noncurrent Loans $4.99 million Real Estate Owned $159,000 Historic Data - March 2011 Assets $193.06 million Equity Capital $16.83 million Loan Loss Allowance $3.25 million Unbacked Noncurrent Loans $6.76 million Real Estate Owned $405,000 Profit Margin - Quarterly Net Interest Margin 4.35% Return on Assets 0.39% Return on Equity 4.17% Interest Income $2.22 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 Honor State Bank had $5.14 million in non-current loans and owned real-estate with $20.6 million in equity and loan loss allowances on hand to cover it. This gives The Honor State Bank a Texas Ratio of 24.98% 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 Honor State Bank decreased slightly from 35.26% as of March 31, 2011 to 24.98% as of March 31, 2012, resulting in a positive change of 29.17%.This indicates that the balance sheet and financial strength for The Honor State Bank has improved slightly in recent periods. Deposit Growth In the past year, The Honor State Bank has increased its total deposits by $666,000, resulting in 0.4% 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 Honor State Bank has shown is average. 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 Honor State Bank has $193.45 million in assets with $20.6 million in equity, resulting in a capitalization level of 10.65%, which is above average.

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