Major Rating Factors:
A current level of 0.0 percent of nonperforming loans to core capital combined with 0.3 percent from a year earlier contributes to the Excellent asset quality (9.5). Excellent current capitalization (8.6 on a scale of 0 to 10) based on a risk-based capital ratio of 22.2 and a capital leverage ratio of 10.1.
Other Rating Factors:
Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.0 has resulted in Good (5.5) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.1 on a scale of 0 to 10).
Asset Mix:
Home mtgs (48%), securities (15%), cash (13%), home eq lns (7%), comm re (4%), consumer loans (3%), comm loans (2%), 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
Investment Rating
--
Address
401 Grant Avenue
Eveleth, MN 55734
Eveleth, MN 55734
Phone Number
(218) 744-5465
Year Founded
1903
FDIC Number
Website
Largest Affiliates
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