Major Rating Factors:
Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.9 has resulted in Fair (4.6) profitability. A current level of 10.1 percent of nonperforming loans to core capital combined with 10.3 percent from a year earlier contributes to the Fair asset quality (4.5).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 17.0 and a capital leverage ratio of 12.8. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.8 on a scale of 0 to 10).
Asset Mix:
Home mtgs (15%), securities (12%), comm loans (6%), comm re (4%), cash (3%), home eq lns (3%), consumer loans (1%), other (55%)
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
Ellingson Corporation
Investment Rating
--
Address
602 Second Street
Kenyon, MN 55946
Kenyon, MN 55946
Phone Number
(507) 789-6123
Year Founded
1934
FDIC Number
Website
Largest Affiliates
No affiliate information available.