Major Rating Factors:
Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 0.8 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 Good overall stability index (6.1 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (9.1 on a scale of 0 to 10) based on a risk-based capital ratio of 13.3 and a capital leverage ratio of 10.4. A current level of 1.2 percent of nonperforming loans to core capital combined with 1.6 percent from a year earlier contributes to the Excellent asset quality (8.1).
Asset Mix:
Home mtgs (15%), comm re (14%), comm loans (13%), cash (11%), securities (11%), home eq lns (8%), consumer loans (3%), other (26%)
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
215 Holding Co.
Investment Rating
--
Address
114 South Park Street
Fairmont, MN 56031
Fairmont, MN 56031
Phone Number
(507) 235-5556
Year Founded
1990
FDIC Number
Website
Largest Affiliates
Cannon Falls, MN
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Bank
Luverne, MN
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Bank
Grand Meadow, MN
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Bank
Brownsdale, MN
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Bank