Security Bank Minnesota
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.8 on a scale of 0 to 10). A current level of 13.2 percent of nonperforming loans to core capital combined with 6.4 percent from a year earlier contributes to the Weak asset quality (2.7).
Other Rating Factors:
Excellent current capitalization (8.0 on a scale of 0 to 10) based on a risk-based capital ratio of 13.6 and a capital leverage ratio of 9.7. Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.9 has resulted in Weak (2.5) profitability.
Asset Mix:
Comm loans (51%), cash (14%), comm re (11%), securities (11%), home mtgs (2%), consumer loans (1%), other (9%)
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
Lake Bank Shares, Inc.
Investment Rating
--
Address
437 Bridge Avenue
Albert Lea, MN 56007
Albert Lea, MN 56007
Phone Number
(507) 373-1481
Year Founded
1906
FDIC Number
Website
Largest Affiliates
No affiliate information available.