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 (4.3 on a scale of 0 to 10). A current level of 26.3 percent of nonperforming loans to core capital combined with 15.7 percent from a year earlier contributes to the Weak asset quality (1.9).
Other Rating Factors:
Excellent current capitalization (9.7 on a scale of 0 to 10) based on a risk-based capital ratio of 16.6 and a capital leverage ratio of 10.8.
Asset Mix:
Home mtgs (49%), comm re (11%), comm loans (8%), securities (7%), cash (4%), consumer loans (2%), other (20%)
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
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