Major Rating Factors:
Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.6 has resulted in Very Weak (0.9) profitability. A current level of 73.2 percent of nonperforming loans to core capital combined with 50.2 percent from a year earlier contributes to the Very Weak asset quality (0.0).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 13.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.5 on a scale of 0 to 10).
Asset Mix:
Comm loans (27%), home mtgs (8%), consumer loans (8%), securities (3%), cash (1%), comm re (1%), other (52%)
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
No affiliate information available.