Major Rating Factors:
A current level of 0.0 percent of nonperforming loans to core capital combined with 3.6 percent from a year earlier contributes to the Excellent asset quality (8.8). Excellent current capitalization (7.2 on a scale of 0 to 10) based on a risk-based capital ratio of 18.3 and a capital leverage ratio of 9.1.
Other Rating Factors:
Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.3 has resulted in Good (5.2) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (5.0 on a scale of 0 to 10).
Asset Mix:
Securities (40%), comm re (23%), cash (15%), home mtgs (8%), consumer loans (3%), comm loans (1%), home eq lns (1%), other (8%)
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
Western Bancorporation, Inc.
Investment Rating
--
Address
210 Second Street, NW
Cass Lake, MN 56633
Cass Lake, MN 56633
Phone Number
(218) 335-4131
Year Founded
1902
FDIC Number
Website
Largest Affiliates
Duluth, MN
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Bank