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 (4.3 on a scale of 0 to 10). A current level of 0.8 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.2).
Other Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 46.8. Operating profits as a percentage of assets at 3.6%, coupled with a return on assets of 2.7 has resulted in Excellent (10.0) profitability.
Asset Mix: Comm re (33%), cash (17%), securities (17%), home mtgs (6%), comm loans (4%), consumer loans (1%), other (23%)
States with Branches: MN, WI