Major Rating Factors:
A current level of 1.1 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.6). Excellent current capitalization (8.1 on a scale of 0 to 10) based on a risk-based capital ratio of 16.0 and a capital leverage ratio of 9.7.
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.6 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.2 has resulted in Fair (4.8) profitability.
Asset Mix:
Home mtgs (31%), comm re (22%), securities (17%), comm loans (12%), cash (9%), consumer loans (1%), home eq lns (1%), other (7%)
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
Benic Holdings, Inc.
Investment Rating
--
Address
600 Chestnut Street
Virginia, MN 55792
Virginia, MN 55792
Phone Number
(218) 741-9115
Year Founded
1966
FDIC Number
Website
Largest Affiliates
No affiliate information available.