Major Rating Factors:
A current level of 10.9 percent of nonperforming loans to core capital combined with 9.2 percent from a year earlier contributes to the Fair asset quality (3.4). Operating profits as a percentage of assets at 2.1%, coupled with a return on assets of 1.6 has resulted in Excellent (7.8) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 21.2 and a capital leverage ratio of 15.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.0 on a scale of 0 to 10).
Asset Mix:
Securities (15%), comm loans (8%), home mtgs (6%), cash (6%), comm re (4%), home eq lns (1%), consumer loans (1%), other (58%)
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
Red Oak Financial Corporation
Investment Rating
--
Address
116 East Coolbaugh Street
Red Oak, IA 51566
Red Oak, IA 51566
Phone Number
(712) 623-4823
Year Founded
1879
FDIC Number
Website
Largest Affiliates
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