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 (3.8 on a scale of 0 to 10). A current level of 18.0 percent of nonperforming loans to core capital combined with 3.7 percent from a year earlier contributes to the Weak asset quality (3.0).
Other Rating Factors:
Excellent current capitalization (7.6 on a scale of 0 to 10) based on a risk-based capital ratio of 15.2 and a capital leverage ratio of 9.4. Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.8 has resulted in Weak (1.4) profitability.
Asset Mix:
Home mtgs (44%), comm re (9%), comm loans (8%), cash (7%), securities (7%), consumer loans (2%), other (23%)
States with Branches:
IA, MN, SD
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
Heritage Bancshares Group, Inc.
Investment Rating
--
Address
110 West South Street
Spicer, MN 56288
Spicer, MN 56288
Phone Number
(320) 214-3903
Year Founded
1964
FDIC Number
Website
Largest Affiliates
No affiliate information available.