Major Rating Factors:
A current level of 0.1 percent of nonperforming loans to core capital combined with 6.9 percent from a year earlier contributes to the Excellent asset quality (7.8). Good current capitalization (6.7 on a scale of 0 to 10) based on a risk-based capital ratio of 16.9 and a capital leverage ratio of 8.7.
Other Rating Factors:
Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.3 has resulted in Good (5.3) profitability. Fair liquidity 4.2, driven by a liquidity ratio of 43.2 percent and a “hot money” ratio of 10.2 percent.
Asset Mix:
Securities (39%), comm re (18%), home mtgs (12%), comm loans (11%), home eq lns (4%), cash (2%), consumer loans (1%), other (13%)
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
BANKWEST Financial, Inc.
Investment Rating
--
Address
5921 Main Street
Rockford, MN 55373
Rockford, MN 55373
Phone Number
(763) 477-5231
Year Founded
1948
FDIC Number
Website
Largest Affiliates
No affiliate information available.