The Perkins State Bank

The Perkins State Bank is headquartered in Williston and is the 132^nd largest bank in the state of Florida. It is also the 3,273^rd largest bank in the nation. It was established in 1913 and as of March of 2012, it had grown to 74 employees at 6 locations. The Perkins State Bank has a 2-star health rating.

The Perkins State Bank Checking Account Rates

The Perkins State Bank Savings Account Rates

The Perkins State Bank Money Market Rates

The Perkins State Bank CD Rates

The Perkins State Bank IRA Rates

Data for Q1 2012

Institution Statistics The Perkins State Bank FDIC Certificate # 134 BankRate Report View Year Established 1913 Employees 74 Primary Regulator FDIC Assets and Liabilities Assets $188.23 million Loans $99.64 million Deposits $168.00 million Equity Capital $14.05 million Loan Loss Allowance $2.57 million Unbacked Noncurrent Loans $5.58 million Real Estate Owned $7.83 million Historic Data - March 2011 Assets $185.51 million Equity Capital $16.25 million Loan Loss Allowance $3.09 million Unbacked Noncurrent Loans $8.43 million Real Estate Owned $2.58 million Profit Margin - Quarterly Net Interest Margin 4.4% Return on Assets -2.55% Return on Equity -33.06% Interest Income $2.00 million

Institution Health Overall Score: 2 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 Perkins State Bank had $13.41 million in non-current loans and owned real-estate with $16.62 million in equity and loan loss allowances on hand to cover it. This gives The Perkins State Bank a Texas Ratio of 80.69% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Perkins State Bank increased slightly from 56.95% as of March 31, 2011 to 80.69% as of March 31, 2012, resulting in a negative change of 41.70%. This indicates that the balance sheet and financial strength for The Perkins State Bank has declined slightly in recent periods. Deposit Growth In the past year, The Perkins State Bank has increased its total deposits by $5.07 million, resulting in 3.11% 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 Perkins 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 Perkins State Bank has $188.23 million in assets with $16.62 million in equity, resulting in a capitalization level of 8.83%, which is average.

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