Major Rating Factors:
Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 0.8 has resulted in Fair (4.6) profitability. A current level of 23.8 percent of nonperforming loans to core capital combined with 15.6 percent from a year earlier contributes to the Very Weak asset quality (0.8).
Other Rating Factors:
Excellent current capitalization (7.7 on a scale of 0 to 10) based on a risk-based capital ratio of 12.4 and a capital leverage ratio of 9.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.7 on a scale of 0 to 10).
Asset Mix:
Comm re (36%), comm loans (19%), home mtgs (14%), home eq lns (7%), cash (6%), securities (4%), consumer loans (1%), other (13%)
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
ABDO Investments, Inc.
Investment Rating
--
Address
125 Twin Rivers Court
Sartell, MN 56377
Sartell, MN 56377
Phone Number
(320) 257-1600
Year Founded
2000
FDIC Number
Website
Largest Affiliates
No affiliate information available.