Vermillion State Bank

Vermillion State Bank is headquartered in Vermillion and is the 23^rd largest bank in the state of Minnesota. It is also the 1,374^th largest bank in the nation. It was established in 1918 and as of March of 2012, it had grown to 45 employees at 5 locations. Vermillion State Bank has a 5-star health rating.

Vermillion State Bank Routing Number: 091914370

Data for Q1 2012

Institution Statistics Vermillion State Bank FDIC Certificate # 10214 BankRate Report View Year Established 1918 Employees 45 Primary Regulator FDIC Assets and Liabilities Assets $492.45 million Loans $287.18 million Deposits $424.87 million Equity Capital $60.58 million Loan Loss Allowance $8.00 million Unbacked Noncurrent Loans $919,000 Real Estate Owned $1.05 million Historic Data - March 2011 Assets $490.83 million Equity Capital $56.64 million Loan Loss Allowance $5.49 million Unbacked Noncurrent Loans $597,000 Real Estate Owned $1.75 million Profit Margin - Quarterly Net Interest Margin 3.46% Return on Assets 2.21% Return on Equity 17.94% Interest Income $5.26 million

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 Vermillion State Bank had $1.97 million in non-current loans and owned real-estate with $68.58 million in equity and loan loss allowances on hand to cover it. This gives Vermillion State Bank a Texas Ratio of 2.87% 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 Vermillion State Bank decreased slightly from 3.78% as of March 31, 2011 to 2.87% as of March 31, 2012, resulting in a positive change of 24.14%.This indicates that the balance sheet and financial strength for Vermillion State Bank has improved slightly in recent periods. Deposit Growth In the past year, Vermillion State Bank has increased its total deposits by $841,000, resulting in 0.2% 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 Vermillion 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. Vermillion State Bank has $492.45 million in assets with $68.58 million in equity, resulting in a capitalization level of 13.93%, which is excellent.

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