Major Rating Factors:
Excellent current capitalization (9.5 on a scale of 0 to 10) based on a risk-based capital ratio of 18.0 and a capital leverage ratio of 10.7. Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.5 has resulted in Good (6.8) profitability.
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 (6.0 on a scale of 0 to 10). A current level of 14.1 percent of nonperforming loans to core capital combined with 12.7 percent from a year earlier contributes to the Fair asset quality (3.6).
Asset Mix:
Comm re (29%), securities (21%), cash (16%), comm loans (11%), home mtgs (8%), home eq lns (3%), consumer loans (1%), other (11%)
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
Wilcox Bancshares, Inc.
Investment Rating
--
Address
710 Babcock Boulevard, East
Delano, MN 55328
Delano, MN 55328
Phone Number
(763) 972-3385
Year Founded
1982
FDIC Number
Website
Largest Affiliates
Grand Rapids, MN
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Bank