Major Rating Factors:
Excellent current capitalization (9.3 on a scale of 0 to 10) and a capital leverage ratio of 10.5. A current level of 6.0 percent of nonperforming loans to core capital combined with 3.7 percent from a year earlier contributes to the Good asset quality (6.5).
Other 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 (4.4 on a scale of 0 to 10). Fair liquidity 3.9, driven by a liquidity ratio of 39.4 percent and a “hot money” ratio of 18.7 percent.
Asset Mix:
Securities (33%), cash (10%), home mtgs (9%), comm re (8%), comm loans (6%), consumer loans (2%), home eq lns (1%), other (32%)
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
Whitmore Company, Inc.
Investment Rating
--
Address
120 East Washington Street
Clarinda, IA 51632
Clarinda, IA 51632
Phone Number
(712) 542-5661
Year Founded
1866
FDIC Number
Website
Largest Affiliates
No affiliate information available.