Major Rating Factors:
Excellent current capitalization (8.0 on a scale of 0 to 10) based on a risk-based capital ratio of 12.4 and a capital leverage ratio of 9.6. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.9 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 1.7%, coupled with a return on assets of 1.3 has resulted in Good (5.8) profitability. A current level of 16.9 percent of nonperforming loans to core capital combined with 7.9 percent from a year earlier contributes to the Fair asset quality (4.0).
Asset Mix:
Comm re (20%), securities (16%), comm loans (12%), home mtgs (7%), cash (4%), consumer loans (2%), home eq lns (1%), other (38%)
States with Branches:
ND, SD
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
Cornerstone Holding Company, Inc.
Investment Rating
--
Address
2280 45th Street, South
Fargo, ND 58104
Fargo, ND 58104
Phone Number
(701) 364-9630
Year Founded
FDIC Number
Website
Largest Affiliates
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