Woori America Bank

Woori America Bank is headquartered in New York and is the 50^th largest bank in the state of New York. It is also the 727^th largest bank in the nation. It was established in 1984 and as of March of 2012, it had grown to 222 employees at 18 locations. Woori America Bank has a 3-star health rating.

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Data for Q1 2012

Institution Statistics Woori America Bank FDIC Certificate # 24920 BankRate Report View Year Established 1984 Employees 222 Primary Regulator FDIC Assets and Liabilities Assets $912.44 million Loans $675.35 million Deposits $794.76 million Equity Capital $109.53 million Loan Loss Allowance $23.29 million Unbacked Noncurrent Loans $22.68 million Real Estate Owned $419,000 Historic Data - March 2011 Assets $1.03 billion Equity Capital $107.41 million Loan Loss Allowance $33.01 million Unbacked Noncurrent Loans $17.02 million Real Estate Owned $2.62 million Profit Margin - Quarterly Net Interest Margin 3.88% Return on Assets 0.29% Return on Equity 2.47% Interest Income $8.69 million

Institution Health Overall Score: 3 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 Woori America Bank had $23.1 million in non-current loans and owned real-estate with $132.82 million in equity and loan loss allowances on hand to cover it. This gives Woori America Bank a Texas Ratio of 17.39% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Woori America Bank held steady from 14.31% as of March 31, 2011 to 17.39% as of March 31, 2012, resulting in a negative change of 21.55%. This indicates that the balance sheet and financial strength for Woori America Bank has held steady in recent periods. Deposit Growth In the past year, Woori America Bank has decreased its total deposits by -$120.86 million, resulting in -13.2% 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 Woori America Bank has shown is poor. 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. Woori America Bank has $912.44 million in assets with $132.82 million in equity, resulting in a capitalization level of 14.56%, which is excellent.

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