Luminate Bank
Major Rating Factors:
A current level of 18.5 percent of nonperforming loans to core capital combined with 7.9 percent from a year earlier contributes to the Fair asset quality (3.2). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.7 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (8.9 on a scale of 0 to 10) based on a risk-based capital ratio of 13.3 and a capital leverage ratio of 10.3. Operating profits as a percentage of assets at 2.6%, coupled with a return on assets of 2.6 has resulted in Good (6.9) profitability.
Asset Mix:
Home mtgs (51%), comm loans (14%), cash (11%), comm re (4%), home eq lns (3%), securities (0%), other (16%)
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
Minnetonka, MN 55405
Minnetonka, MN 55405
Phone Number
(952) 939-7200
Year Founded
1937
FDIC Number
Website
Largest Affiliates
No affiliate information available.