Major Rating Factors:
A current level of 22.2 percent of nonperforming loans to core capital combined with 12.3 percent from a year earlier contributes to the Weak asset quality (1.8). 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).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 14.7 and a capital leverage ratio of 11.1. Operating profits as a percentage of assets at 2.1%, coupled with a return on assets of 1.5 has resulted in Excellent (8.7) profitability.
Asset Mix:
Home mtgs (39%), comm re (17%), comm loans (9%), consumer loans (8%), home eq lns (7%), securities (6%), cash (2%), other (12%)
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
MidCountry Acquisition Corp.
Investment Rating
--
Address
204 North Maddy Street
McGregor, MN 55760
McGregor, MN 55760
Phone Number
(218) 768-2410
Year Founded
1963
FDIC Number
Website
Largest Affiliates
No affiliate information available.