Major Rating Factors:
Excellent current capitalization (7.4 on a scale of 0 to 10) based on a risk-based capital ratio of 17.8 and a capital leverage ratio of 9.3. A current level of 8.6 percent of nonperforming loans to core capital combined with 12.9 percent from a year earlier contributes to the Good asset quality (5.9).
Other Rating Factors:
Fair liquidity 4.6, driven by a liquidity ratio of 54.2 percent and a “hot money” ratio of 33.3 percent. Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Fair (4.2) profitability.
Asset Mix:
Securities (38%), comm loans (8%), comm re (6%), home mtgs (5%), consumer loans (1%), cash (1%), other (40%)
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