Major Rating Factors:
Excellent current capitalization (9.2 on a scale of 0 to 10) and a capital leverage ratio of 10.5. A current level of 4.8 percent of nonperforming loans to core capital combined with 0.7 percent from a year earlier contributes to the Excellent asset quality (7.5).
Other Rating Factors:
Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Fair (4.4) profitability. Fair liquidity 4.1, driven by a liquidity ratio of 30.1 percent and a “hot money” ratio of 12.4 percent.
Asset Mix:
Securities (39%), comm re (21%), comm loans (11%), cash (9%), home mtgs (8%), home eq lns (2%), consumer loans (2%), other (9%)
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
Security State Agency of Aitkin, Inc.
Investment Rating
--
Address
402 Minnesota Avenue, North
Aitkin, MN 56431
Aitkin, MN 56431
Phone Number
(218) 927-3765
Year Founded
1947
FDIC Number
Website
Largest Affiliates
No affiliate information available.