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 (4.6 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.8 has resulted in Weak (1.7) profitability.
Other Rating Factors:
Good current capitalization (6.3 on a scale of 0 to 10) based on a risk-based capital ratio of 14.8 and a capital leverage ratio of 8.3. A current level of 5.2 percent of nonperforming loans to core capital combined with 0.9 percent from a year earlier contributes to the Good asset quality (5.3).
Asset Mix:
Home mtgs (27%), cash (15%), securities (11%), comm loans (6%), comm re (6%), home eq lns (2%), consumer loans (2%), other (32%)
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
Everly Bancorporation
Investment Rating
--
Address
728 North Grand Avenue
Spencer, IA 51301
Spencer, IA 51301
Phone Number
(712) 262-6580
Year Founded
1944
FDIC Number
Website
Largest Affiliates
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