Major Rating Factors:
Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.1 has resulted in Fair (5.0) profitability. A current level of 24.8 percent of nonperforming loans to core capital combined with 6.7 percent from a year earlier contributes to the Weak asset quality (2.4).
Other Rating Factors:
Excellent current capitalization (7.2 on a scale of 0 to 10) based on a risk-based capital ratio of 11.3 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 (5.3 on a scale of 0 to 10).
Asset Mix:
Comm re (25%), comm loans (15%), securities (11%), cash (6%), home mtgs (3%), home eq lns (1%), consumer loans (1%), other (39%)
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
Greene Investment Co.
Investment Rating
--
Address
115 West State Street
Jefferson, IA 50129
Jefferson, IA 50129
Phone Number
(515) 386-2131
Year Founded
1934
FDIC Number
Website
Largest Affiliates
Slater, IA
-
Bank
Audubon, IA
-
Bank