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STATE BANK OF FAIRMONT

Fairmont, MN

Latest Health Report

Latest Update: Dec. 31, 2020

Assets
$120,980,000
Deposits
$107,801,000
Loans
$84,935,000
Loan Loss Provision
$285,000
Profit
$973,000
Capital
$12,714,000
Reserves
$1,851,000
Past Due 90 Days
$809,000
Nonaccrual
$2,574,000
Other Real Estate Owned
$44,000
Capital Plus Reserves
$14,565,000
Total Troubled Assets
$3,427,000
Troubled Asset Ratio
23.53

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2020 $120,980,000 $107,801,000 $84,935,000 $973,000 $14,565,000 $3,427,000 23.53
2019 $116,648,000 $100,103,000 $88,068,000 $972,000 $13,907,000 $2,104,000 15.13
2018 $108,992,000 $93,775,000 $81,321,000 $931,000 $13,234,000 $1,511,000 11.42
2016 $105,875,000 $91,241,000 $72,667,000 $901,000 $12,552,000 $2,228,000 17.75
2015 $108,050,000 $91,600,000 $73,461,000 $794,000 $12,443,000 $2,466,000 19.82