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 (4.9 on a scale of 0 to 10). A current level of 7.0 percent of nonperforming loans to core capital combined with 7.8 percent from a year earlier contributes to the Fair asset quality (4.6).
Other Rating Factors:
Good current capitalization (6.0 on a scale of 0 to 10) based on a risk-based capital ratio of 11.8 and a capital leverage ratio of 8.0. Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.4 has resulted in Weak (2.7) profitability.
Asset Mix:
Securities (16%), comm re (15%), home mtgs (10%), comm loans (7%), cash (2%), home eq lns (2%), consumer loans (1%), other (46%)
States with Branches:
IA
Corporate Info
Milford Bancorporation
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1000 Okoboji Avenue
Milford, IA 51351
Milford, IA 51351
(712) 338-2781
1931
Largest Affiliates
No affiliate information available.