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 0.8%, coupled with a return on assets of 0.8 has resulted in Fair (3.4) profitability.
Other Rating Factors:
Excellent current capitalization (7.4 on a scale of 0 to 10) based on a risk-based capital ratio of 15.8 and a capital leverage ratio of 9.3. A current level of 0.0 percent of nonperforming loans to core capital combined with 3.2 percent from a year earlier contributes to the Good asset quality (7.0).
Asset Mix:
Securities (38%), comm loans (10%), comm re (8%), home mtgs (4%), cash (2%), consumer loans (1%), other (36%)
States with Branches:
ND
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
Jorgenson Holding Company
Investment Rating
--
Address
Four Second Street, NW
Kenmare, ND 58746
Kenmare, ND 58746
Phone Number
(701) 385-4287
Year Founded
1925
FDIC Number
Website
Largest Affiliates
Mohall, ND
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Bank