Luminate Bank
Major Rating Factors:
A current level of 21.0 percent of nonperforming loans to core capital combined with 7.1 percent from a year earlier contributes to the Weak asset quality (3.0). 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:
Operating profits as a percentage of assets at 3.5%, coupled with a return on assets of 3.5 has resulted in Excellent (9.3) profitability. Good current capitalization (7.0 on a scale of 0 to 10) based on a risk-based capital ratio of 14.0 and a capital leverage ratio of 9.0.
Asset Mix:
Home mtgs (46%), cash (19%), comm loans (10%), comm re (5%), home eq lns (2%), securities (0%), consumer loans (0%), other (17%)
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) 698-3300
Year Founded
1937
FDIC Number
Website
Largest Affiliates
No affiliate information available.