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). A current level of 6.6 percent of nonperforming loans to core capital combined with 5.9 percent from a year earlier contributes to the Good asset quality (6.1).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 33.4 and a capital leverage ratio of 25.0. Operating profits as a percentage of assets at 2.7%, coupled with a return on assets of 2.1 has resulted in Excellent (10.0) profitability.
Asset Mix:
Comm re (27%), securities (17%), comm loans (13%), cash (10%), home mtgs (2%), home eq lns (1%), consumer loans (1%), other (29%)
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
Burt Bancshares, Inc.
Investment Rating
--
Address
One East State Street
Algona, IA 50511
Algona, IA 50511
Phone Number
(515) 295-9501
Year Founded
1931
FDIC Number
Website
Largest Affiliates
No affiliate information available.