United Farmers & Merchants State Bank

United Farmers & Merchants State Bank is headquartered in Morris and is the 308^th largest bank in the state of Minnesota. It is also the 6,753^rd largest bank in the nation. It was established in 1912 and as of March of 2012, it had grown to 13 employees at 3 locations. United Farmers & Merchants State Bank has a 5-star health rating.

Data for Q1 2012

Institution Statistics United Farmers & Merchants State Bank FDIC Certificate # 8209 BankRate Report View Year Established 1912 Employees 13 Primary Regulator FDIC Assets and Liabilities Assets $37.57 million Loans $13.85 million Deposits $34.17 million Equity Capital $2.92 million Loan Loss Allowance $194,000 Unbacked Noncurrent Loans $59,000 Historic Data - March 2011 Assets $35.59 million Equity Capital $2.59 million Loan Loss Allowance $186,000 Unbacked Noncurrent Loans $66,000 Profit Margin - Quarterly Net Interest Margin 3.07% Return on Assets 0.33% Return on Equity 4.2% Interest Income $274,000

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 United Farmers & Merchants State Bank had $59,000 in non-current loans and owned real-estate with $3.11 million in equity and loan loss allowances on hand to cover it. This gives United Farmers & Merchants State Bank a Texas Ratio of 1.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for United Farmers & Merchants State Bank decreased slightly from 2.37% as of March 31, 2011 to 1.90% as of March 31, 2012, resulting in a positive change of 20.12%.This indicates that the balance sheet and financial strength for United Farmers & Merchants State Bank has improved slightly in recent periods. Deposit Growth In the past year, United Farmers & Merchants State Bank has increased its total deposits by $1.58 million, resulting in 4.85% 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 United Farmers & Merchants 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. United Farmers & Merchants State Bank has $37.57 million in assets with $3.11 million in equity, resulting in a capitalization level of 8.28%, which is average.

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