Major Rating Factors:
A current level of 5.2 percent of nonperforming loans to core capital combined with 6.2 percent from a year earlier contributes to the Fair asset quality (4.5). Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.7 has resulted in Fair (3.4) profitability.
Other Rating Factors:
Good current capitalization (6.7 on a scale of 0 to 10) based on a risk-based capital ratio of 12.5 and a capital leverage ratio of 8.7. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.5 on a scale of 0 to 10).
Asset Mix:
Cash (30%), comm loans (24%), home mtgs (12%), comm re (12%), 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
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