First Resource Bank
Major Rating Factors:
Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 0.8 has resulted in Fair (3.9) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.6 on a scale of 0 to 10).
Other Rating Factors:
A current level of 2.9 percent of nonperforming loans to core capital combined with 0.1 percent from a year earlier contributes to the Excellent asset quality (7.2). Good current capitalization (6.1 on a scale of 0 to 10) based on a risk-based capital ratio of 11.8 and a capital leverage ratio of 8.1.
Asset Mix:
Comm re (25%), home mtgs (20%), comm loans (16%), cash (8%), securities (6%), home eq lns (1%), consumer loans (1%), other (23%)
States with Branches:
MN, WI
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
Ameri Financial Group, Inc.
Investment Rating
--
Address
7449 Village Drive
Lino Lakes, MN 55014
Lino Lakes, MN 55014
Phone Number
(651) 785-9320
Year Founded
2005
FDIC Number
Website
Largest Affiliates
No affiliate information available.