Major Rating Factors:
A current level of 16.7 percent of nonperforming loans to core capital combined with 13.1 percent from a year earlier contributes to the Fair asset quality (3.1). Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.3 has resulted in Weak (2.8) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 11.7. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.4 on a scale of 0 to 10).
Asset Mix:
Home mtgs (25%), securities (14%), consumer loans (12%), cash (6%), comm loans (4%), comm re (4%), other (35%)
States with Branches:
IN
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
Fairmount Banking Company
Investment Rating
--
Address
101 North Main Street
Fairmount, IN 46928
Fairmount, IN 46928
Phone Number
(765) 948-4330
Year Founded
1902
FDIC Number
Largest Affiliates
No affiliate information available.