Major Rating Factors:
Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.1 has resulted in Fair (4.7) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.4 on a scale of 0 to 10).
Other Rating Factors:
A current level of 0.2 percent of nonperforming loans to core capital combined with 0.3 percent from a year earlier contributes to the Excellent asset quality (8.2). Good current capitalization (5.9 on a scale of 0 to 10) based on a risk-based capital ratio of 11.3 and a capital leverage ratio of 7.9.
Asset Mix:
Securities (27%), comm re (7%), home mtgs (6%), comm loans (5%), cash (3%), home eq lns (1%), consumer loans (0%), other (50%)
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
Independent Bancshares, Inc.
Investment Rating
--
Address
220 E. Elm Avenue
Waseca, MN 56093
Waseca, MN 56093
Phone Number
(320) 564-2111
Year Founded
1878
FDIC Number
Website
Largest Affiliates
No affiliate information available.