The Miners State Bank

The Miners State Bank is headquartered in Iron River and is the 86^th largest bank in the state of Michigan. It is also the 4,109^th largest bank in the nation. It was established in 1932 and as of September of 2011, it had grown to 34 employees at 6 locations. The Miners State Bank has a 4-star health rating.

The Miners State Bank Routing Number: 091109253

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Data for Q3 2011

Institution Statistics The Miners State Bank FDIC Certificate # 10928 BankRate Report View Year Established 1932 Employees 34 Primary Regulator FDIC Assets and Liabilities Assets $135.36 million Loans $80.45 million Deposits $122.55 million Equity Capital $11.87 million Loan Loss Allowance $1.02 million Unbacked Noncurrent Loans $1.26 million Real Estate Owned $545,000 Historic Data - September 2010 Assets $137.32 million Equity Capital $11.46 million Loan Loss Allowance $1.01 million Unbacked Noncurrent Loans $386,000 Real Estate Owned $967,000 Profit Margin - Quarterly Net Interest Margin 3.45% Return on Assets 0.67% Return on Equity 7.92% Interest Income $4.01 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 September 30, 2011 The Miners State Bank had $1.81 million in non-current loans and owned real-estate with $12.9 million in equity and loan loss allowances on hand to cover it. This gives The Miners State Bank a Texas Ratio of 14.01% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Miners State Bank held steady from 10.85% as of September 30, 2010 to 14.01% as of September 30, 2011, resulting in a negative change of 29.18%. This indicates that the balance sheet and financial strength for The Miners State Bank has held steady in recent periods. Deposit Growth In the past year, The Miners State Bank has increased its total deposits by $1.99 million, resulting in 1.65% 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 Miners State Bank has shown is above 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 Miners State Bank has $135.35 million in assets with $12.9 million in equity, resulting in a capitalization level of 9.53%, which is average.

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