Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.2 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Fair (3.7) profitability.
Other Rating Factors:
Good current capitalization (6.3 on a scale of 0 to 10) based on a risk-based capital ratio of 15.4 and a capital leverage ratio of 8.3. Fair liquidity 4.6, driven by a liquidity ratio of 51.6 percent and a “hot money” ratio of 15.6 percent.
Asset Mix:
Securities (34%), cash (14%), comm loans (11%), home mtgs (9%), consumer loans (7%), comm re (6%), other (20%)
States with Branches:
IA
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
Drake Holding Company
Investment Rating
--
Address
207 Isabella Street
Radcliffe, IA 50230
Radcliffe, IA 50230
Phone Number
(515) 899-2121
Year Founded
1884
FDIC Number
Website
Largest Affiliates
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