Major Rating Factors:
Excellent current capitalization (8.6 on a scale of 0 to 10) based on a risk-based capital ratio of 19.0 and a capital leverage ratio of 10.1. A current level of 3.7 percent of nonperforming loans to core capital combined with 4.3 percent from a year earlier contributes to the Good asset quality (6.5).
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 (6.3 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.7%, coupled with a return on assets of 1.4 has resulted in Good (5.8) profitability.
Asset Mix:
Securities (32%), home mtgs (14%), comm re (14%), cash (12%), comm loans (5%), home eq lns (1%), consumer loans (1%), other (22%)
States with Branches:
IN
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
Piper Holdings, Inc.
Investment Rating
--
Address
615 Third Street
Covington, IN 47932
Covington, IN 47932
Phone Number
(765) 793-2237
Year Founded
1903
FDIC Number
Website
Largest Affiliates
No affiliate information available.