First Farmers & Merchants State Bank of Grand Meadow
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (5.0 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.2 has resulted in Good (5.7) profitability.
Other Rating Factors:
Excellent current capitalization (7.7 on a scale of 0 to 10) based on a risk-based capital ratio of 12.7 and a capital leverage ratio of 9.4. A current level of 3.4 percent of nonperforming loans to core capital contributes to the Good asset quality (6.1).
Asset Mix:
Securities (13%), home mtgs (11%), comm re (10%), comm loans (9%), cash (3%), home eq lns (1%), consumer loans (0%), other (53%)
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
215 Holding Co.
Investment Rating
--
Address
105 North Main Street
Grand Meadow, MN 55936
Grand Meadow, MN 55936
Phone Number
(507) 754-5123
Year Founded
1938
FDIC Number
Website
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