Major Rating Factors:
A current level of 5.6 percent of nonperforming loans to core capital combined with 8.6 percent from a year earlier contributes to the Fair asset quality (4.7). Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.9 has resulted in Weak (2.6) profitability.
Other Rating Factors:
Excellent current capitalization (9.0 on a scale of 0 to 10) based on a risk-based capital ratio of 16.2 and a capital leverage ratio of 10.3. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.1 on a scale of 0 to 10).
Asset Mix:
Comm re (31%), securities (16%), cash (16%), comm loans (12%), home mtgs (7%), home eq lns (3%), consumer loans (1%), other (15%)
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