Major Rating Factors:
A current level of 6.6 percent of nonperforming loans to core capital combined with 9.1 percent from a year earlier contributes to the Fair asset quality (4.0). Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.5 has resulted in Weak (2.8) profitability.
Other Rating Factors:
Excellent current capitalization (7.2 on a scale of 0 to 10) and a capital leverage ratio of 9.2. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.0 on a scale of 0 to 10).
Asset Mix:
Comm loans (23%), cash (21%), comm re (13%), home mtgs (13%), securities (7%), consumer loans (6%), home eq lns (1%), other (15%)
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
Morning Sun Bank Corp.
Investment Rating
--
Address
409 Highway 61, South
Wapello, IA 52653
Wapello, IA 52653
Phone Number
(319) 523-5200
Year Founded
1931
FDIC Number
Website
Largest Affiliates
No affiliate information available.