Major Rating Factors:
A current level of 9.7 percent of nonperforming loans to core capital combined with 2.4 percent from a year earlier contributes to the Fair asset quality (4.7). Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.5 has resulted in Weak (1.2) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 12.6. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.1 on a scale of 0 to 10).
Asset Mix:
Comm loans (26%), comm re (23%), home mtgs (18%), consumer loans (9%), cash (6%), home eq lns (1%), other (17%)
States with Branches:
IA
Corporate Info
Morning Sun Bank Corp.
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409 Highway 61, South
Wapello, IA 52653
Wapello, IA 52653
(319) 523-5200
1931
Largest Affiliates
No affiliate information available.