Stockgrowers Named Top 200
One of our fellow chamber members, Stockgrowers State Bank, was just named to the 2015 edition of the Top 200 Healthiest Banks in America that DepositAccounts releases annually.
Each year DepositAccounts.com evaluates the financial health of every federally insured bank in the United States – more than 6,900 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score.
From the list of 6,998 banks, DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility in its 2015 edition of the Top 200 Healthiest Banks in America…
The Report Summary
The Stockgrowers State Bank of Ashland, Kansas is headquartered in Ashland and is the 110th largest bank in the state of Kansas. It is also the 4,063rd largest bank in the nation. It was established in 1885 and as of March of 2015, it had grown to 26 employees at 2 locations. The Stockgrowers State Bank of Ashland, Kansas has an A+ health rating.
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2015 The Stockgrowers State Bank of Ashland, Kansas had $0 in non-current loans and owned real-estate with $18.26 million in equity and loan loss allowances on hand to cover it. This gives The Stockgrowers State Bank of Ashland, Kansas a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, The Stockgrowers State Bank of Ashland, Kansas has increased its total deposits by $1.99 million, resulting in 1.92% 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 The Stockgrowers State Bank of Ashland, Kansas has shown is above average.
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. The Stockgrowers State Bank of Ashland, Kansas has $126.53 million in assets with $18.26 million in equity, resulting in a capitalization level of 14.43%, which is excellent.
The full list may be found at: https://www.depositaccounts.com/banks/health.aspx#healthiest.
A more detailed breakdown of Stockgrowers State Bank’s score may be found in the health section of its dedicated page at www.depositaccounts.com/banks/the-stockgrowers-state-bank-of-ashland-kansas.html#health.