Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.7 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.7 has resulted in Weak (2.3) profitability.
Other Rating Factors:
A current level of 0.6 percent of nonperforming loans to core capital combined with 1.3 percent from a year earlier contributes to the Excellent asset quality (8.8). Good current capitalization (5.1 on a scale of 0 to 10) based on a risk-based capital ratio of 13.4 and a capital leverage ratio of 7.1.
Asset Mix:
Comm re (37%), securities (36%), home mtgs (9%), comm loans (7%), cash (2%), consumer loans (1%), other (8%)
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
Sterling Financial Group, Inc.
Investment Rating
--
Address
1419 First Avenue, SW
Austin, MN 55912
Austin, MN 55912
Phone Number
(507) 433-7325
Year Founded
1958
FDIC Number
Website
Largest Affiliates
No affiliate information available.