Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 15.0 and a capital leverage ratio of 11.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.0 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 0.9 has resulted in Fair (4.3) profitability. A current level of 7.5 percent of nonperforming loans to core capital combined with 14.6 percent from a year earlier contributes to the Fair asset quality (4.1).
Asset Mix:
Comm re (48%), securities (19%), comm loans (5%), home mtgs (4%), cash (1%), consumer loans (0%), other (23%)
States with Branches:
IA
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
Grinnell Bancshares, Inc.
Investment Rating
--
Address
814 Fourth Avenue
Grinnell, IA 50112
Grinnell, IA 50112
Phone Number
(641) 236-3174
Year Founded
1925
FDIC Number
Website
Largest Affiliates
No affiliate information available.