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 (4.1) profitability. A current level of 11.6 percent of nonperforming loans to core capital combined with 11.3 percent from a year earlier contributes to the Fair asset quality (4.0).
Other Rating Factors:
Good current capitalization (6.4 on a scale of 0 to 10) based on a risk-based capital ratio of 12.7 and a capital leverage ratio of 8.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.2 on a scale of 0 to 10).
Asset Mix:
Securities (16%), home mtgs (12%), comm re (10%), cash (6%), comm loans (4%), home eq lns (1%), consumer loans (1%), other (50%)
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
Milford Bancorporation
Investment Rating
--
Address
1000 Okoboji Avenue
Milford, IA 51351
Milford, IA 51351
Phone Number
(712) 338-2781
Year Founded
1931
FDIC Number
Largest Affiliates
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