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 (3.7 on a scale of 0 to 10). A current level of 3.2 percent of nonperforming loans to core capital combined with 4.1 percent from a year earlier contributes to the Excellent asset quality (7.7).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 15.5 and a capital leverage ratio of 12.6. Operating profits as a percentage of assets at 2.4%, coupled with a return on assets of 2.3 has resulted in Excellent (9.0) profitability.
Asset Mix:
Comm re (14%), securities (12%), home mtgs (12%), comm loans (12%), cash (2%), home eq lns (2%), consumer loans (1%), other (46%)
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
Somers Bancorporation
Investment Rating
--
Address
615 Sixth Avenue
Somers, IA 50586
Somers, IA 50586
Phone Number
(515) 467-5561
Year Founded
1901
FDIC Number
Website
Largest Affiliates
No affiliate information available.