Major Rating Factors:
A current level of 2.6 percent of nonperforming loans to core capital combined with 3.2 percent from a year earlier contributes to the Excellent asset quality (8.0). Good current capitalization (6.6 on a scale of 0 to 10) based on a risk-based capital ratio of 13.9 and a capital leverage ratio of 8.6.
Other Rating Factors:
Operating profits as a percentage of assets at 1.7%, coupled with a return on assets of 1.5 has resulted in Good (6.5) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.3 on a scale of 0 to 10).
Asset Mix:
Securities (28%), comm re (21%), home mtgs (13%), comm loans (9%), cash (5%), home eq lns (1%), consumer loans (0%), other (23%)
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.