Major Rating Factors:
A current level of 45.8 percent of nonperforming loans to core capital combined with 72.5 percent from a year earlier contributes to the Very Weak asset quality (0.3). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.2 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 15.2. Operating profits as a percentage of assets at 2.2%, coupled with a return on assets of 2.2 has resulted in Good (6.7) profitability.
Asset Mix:
Comm loans (30%), consumer loans (9%), home mtgs (9%), securities (2%), cash (2%), comm re (2%), other (47%)
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
Red River Financial Services, Inc.
Investment Rating
--
Address
300 Second Avenue, West
Halstad, MN 56548
Halstad, MN 56548
Phone Number
(218) 456-2187
Year Founded
1934
FDIC Number
Website
Largest Affiliates
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