Major Rating Factors:
Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Fair (4.9) profitability. 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).
Other Rating Factors:
A current level of 0.3 percent of nonperforming loans to core capital combined with 0.3 percent from a year earlier contributes to the Excellent asset quality (8.3). Good current capitalization (6.9 on a scale of 0 to 10) based on a risk-based capital ratio of 13.5 and a capital leverage ratio of 8.9.
Asset Mix:
Home mtgs (21%), comm re (12%), securities (9%), comm loans (3%), cash (2%), home eq lns (1%), consumer loans (1%), other (51%)
States with Branches:
MN, 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
American Federal Corporation
Investment Rating
--
Address
215 North Fifth Street
Fargo, ND 58102
Fargo, ND 58102
Phone Number
(701) 461-5900
Year Founded
1891
FDIC Number
Largest Affiliates
No affiliate information available.