Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 23.7. Operating profits as a percentage of assets at 2.6%, coupled with a return on assets of 2.5 has resulted in Excellent (9.9) profitability.
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.4 on a scale of 0 to 10). Fair liquidity 3.0, driven by a liquidity ratio of 40.7 percent and a “hot money” ratio of 17.8 percent.
Asset Mix:
Securities (30%), comm re (24%), comm loans (18%), home mtgs (9%), cash (2%), consumer loans (1%), home eq lns (1%), other (14%)
States with Branches:
IA
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
Solon Financial, Inc.
Investment Rating
--
Address
126 South Market Street
Solon, IA 52333
Solon, IA 52333
Phone Number
(319) 624-3405
Year Founded
1932
FDIC Number
Website
Largest Affiliates
No affiliate information available.