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 12.7 percent of nonperforming loans to core capital combined with 13.6 percent from a year earlier contributes to the Fair asset quality (3.7).
Other Rating Factors:
Good current capitalization (6.1 on a scale of 0 to 10) based on a risk-based capital ratio of 12.1 and a capital leverage ratio of 8.1. Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.7 has resulted in Weak (2.9) profitability.
Asset Mix:
Securities (17%), comm re (13%), home mtgs (11%), comm loans (4%), cash (3%), home eq lns (2%), 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
Website
Largest Affiliates
No affiliate information available.