Luminate Bank
Major Rating Factors:
A current level of 10.5 percent of nonperforming loans to core capital combined with 9.4 percent from a year earlier contributes to the Fair asset quality (4.7). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.1 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 3.2%, coupled with a return on assets of 3.2 has resulted in Excellent (9.8) profitability. Excellent current capitalization (8.5 on a scale of 0 to 10) based on a risk-based capital ratio of 14.2 and a capital leverage ratio of 10.0.
Asset Mix:
Home mtgs (53%), cash (12%), comm loans (8%), comm re (6%), home eq lns (2%), other (19%)
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
Luminate Capital Corporation
Investment Rating
--
Address
2523 South Wayzata Blvd
Minneapolis, MN 55405
Minneapolis, MN 55405
Phone Number
(952) 939-7200
Year Founded
1937
FDIC Number
Website
Largest Affiliates
No affiliate information available.