Major Rating Factors:
A current level of 1.0 percent of nonperforming loans to core capital combined with 3.2 percent from a year earlier contributes to the Excellent asset quality (9.0). Excellent current capitalization (7.7 on a scale of 0 to 10) based on a risk-based capital ratio of 17.2 and a capital leverage ratio of 9.5.
Other Rating Factors:
Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.3 has resulted in Good (5.4) profitability. Fair liquidity 3.9, driven by a liquidity ratio of 38.5 percent and a “hot money” ratio of 8.7 percent.
Asset Mix:
Securities (34%), comm re (21%), home mtgs (12%), comm loans (11%), home eq lns (4%), cash (3%), consumer loans (1%), other (14%)
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
There are no affiliate to display.