Major Rating Factors:
Excellent current capitalization (9.7 on a scale of 0 to 10) based on a risk-based capital ratio of 16.9 and a capital leverage ratio of 10.8. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.9 on a scale of 0 to 10).
Other Rating Factors:
A current level of 10.0 percent of nonperforming loans to core capital combined with 10.1 percent from a year earlier contributes to the Fair asset quality (4.6). Fair liquidity 3.3, driven by a liquidity ratio of 31.7 percent and a “hot money” ratio of 15.4 percent.
Asset Mix:
Securities (30%), comm loans (20%), comm re (15%), home mtgs (14%), cash (5%), consumer loans (2%), home eq lns (2%), other (12%)
States with Branches:
MN
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Security Financial Services, Inc.
Investment Rating
--
Address
701 East Howard Street
Hibbing, MN 55746
Hibbing, MN 55746
Phone Number
(218) 263-8855
Year Founded
1911
FDIC Number
Website
Largest Affiliates
No affiliate information available.