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 4.6 percent of nonperforming loans to core capital combined with 3.2 percent from a year earlier contributes to the Good asset quality (5.5).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 16.3 and a capital leverage ratio of 13.2. Operating profits as a percentage of assets at 2.3%, coupled with a return on assets of 2.2 has resulted in Excellent (9.4) profitability.
Asset Mix:
Comm re (18%), comm loans (12%), home mtgs (12%), securities (12%), cash (2%), home eq lns (2%), consumer loans (1%), other (41%)
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) 352-3181
Year Founded
1901
FDIC Number
Website
Largest Affiliates
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