Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.5 on a scale of 0 to 10). A current level of 1.2 percent of nonperforming loans to core capital combined with 2.8 percent from a year earlier contributes to the Excellent asset quality (8.1).
Other Rating Factors:
Good current capitalization (7.0 on a scale of 0 to 10) based on a risk-based capital ratio of 14.7 and a capital leverage ratio of 9.0. Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.4 has resulted in Good (6.2) profitability.
Asset Mix:
Comm re (21%), securities (21%), home mtgs (14%), comm loans (8%), cash (7%), home eq lns (1%), consumer loans (0%), other (28%)
States with Branches:
MN
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
Flagship Financial Group, Inc.
Investment Rating
--
Address
2202 11th Street East
Glencoe, MN 55336
Glencoe, MN 55336
Phone Number
(320) 864-3107
Year Founded
1935
FDIC Number
Website
Largest Affiliates
No affiliate information available.