Major Rating Factors:
A current level of 0.3 percent of nonperforming loans to core capital combined with 1.7 percent from a year earlier contributes to the Excellent asset quality (7.9). Excellent current capitalization (7.7 on a scale of 0 to 10) based on a risk-based capital ratio of 14.6 and a capital leverage ratio of 9.5.
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.5 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.7 has resulted in Fair (3.5) profitability.
Asset Mix:
Comm re (31%), home mtgs (20%), securities (15%), cash (10%), comm loans (5%), consumer loans (2%), home eq lns (1%), other (17%)
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
201 North Central Avenue
Duluth, MN 55807
Duluth, MN 55807
Phone Number
(218) 723-1000
Year Founded
1904
FDIC Number
Website
Largest Affiliates
Cass Lake, MN
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Bank