Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 242.2 and a capital leverage ratio of 63.7. A current level of 0.1 percent of nonperforming loans to core capital combined with 0.2 percent from a year earlier contributes to the Excellent asset quality (9.5).
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.1 on a scale of 0 to 10). Good liquidity 5.0, driven by a liquidity ratio of 235.0 percent and a “hot money” ratio of 99.9 percent.
Asset Mix: Cash (90%), consumer loans (5%), other (5%)
States with Branches: SD