Wadena State Bank

Wadena State Bank is headquartered in Wadena and is the 147^th largest bank in the state of Minnesota. It is also the 4,648^th largest bank in the nation. It was established in 1917 and as of March of 2012, it had grown to 25 employees at 4 locations. Wadena State Bank has a 4-star health rating.

Wadena State Bank Routing Number: 091213835

Data for Q1 2012

Institution Statistics Wadena State Bank FDIC Certificate # 13430 BankRate Report View Year Established 1917 Employees 25 Primary Regulator FED Assets and Liabilities Assets $112.65 million Loans $61.69 million Deposits $93.49 million Equity Capital $14.88 million Loan Loss Allowance $696,000 Unbacked Noncurrent Loans $216,000 Real Estate Owned $1.38 million Historic Data - March 2011 Assets $112.71 million Equity Capital $13.03 million Loan Loss Allowance $917,000 Unbacked Noncurrent Loans $1.12 million Real Estate Owned $1.16 million Profit Margin - Quarterly Net Interest Margin 4.27% Return on Assets 1.85% Return on Equity 14.48% Interest Income $1.35 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 March 31, 2012 Wadena State Bank had $1.6 million in non-current loans and owned real-estate with $15.58 million in equity and loan loss allowances on hand to cover it. This gives Wadena State Bank a Texas Ratio of 10.26% 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 Wadena State Bank decreased slightly from 16.14% as of March 31, 2011 to 10.26% as of March 31, 2012, resulting in a positive change of 36.43%.This indicates that the balance sheet and financial strength for Wadena State Bank has improved slightly in recent periods. Deposit Growth In the past year, Wadena State Bank has decreased its total deposits by -$1.26 million, resulting in -1.33% 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 Wadena State Bank has shown is below 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. Wadena State Bank has $112.65 million in assets with $15.58 million in equity, resulting in a capitalization level of 13.83%, which is excellent.

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