The State Bank of Ewen

The State Bank of Ewen is headquartered in Ewen and is the 125^th largest bank in the state of Michigan. It is also the 6,264^th largest bank in the nation. It was established in 1914 and as of March of 2012, it had grown to 11 employees at 2 locations. The State Bank of Ewen has a 5-star health rating.

Data for Q1 2012

Institution Statistics The State Bank of Ewen FDIC Certificate # 1091 BankRate Report View Year Established 1914 Employees 11 Primary Regulator FED Assets and Liabilities Assets $53.32 million Loans $19.70 million Deposits $41.77 million Equity Capital $9.29 million Loan Loss Allowance $610,000 Unbacked Noncurrent Loans $701,000 Real Estate Owned $140,000 Historic Data - March 2011 Assets $47.79 million Equity Capital $8.73 million Loan Loss Allowance $704,000 Unbacked Noncurrent Loans $1.41 million Real Estate Owned $25,000 Profit Margin - Quarterly Net Interest Margin 3.97% Return on Assets 1.08% Return on Equity 6.18% Interest Income $619,000

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 State Bank of Ewen had $841,000 in non-current loans and owned real-estate with $9.9 million in equity and loan loss allowances on hand to cover it. This gives The State Bank of Ewen a Texas Ratio of 8.50% 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 State Bank of Ewen decreased significantly from 15.18% as of March 31, 2011 to 8.50% as of March 31, 2012, resulting in a positive change of 44.01%.This indicates that the balance sheet and financial strength for The State Bank of Ewen has improved significantly in recent periods. Deposit Growth In the past year, The State Bank of Ewen has increased its total deposits by $4.83 million, resulting in 13.06% 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 State Bank of Ewen 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 State Bank of Ewen has $53.32 million in assets with $9.9 million in equity, resulting in a capitalization level of 18.56%, which is excellent.

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