Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.4 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.8 has resulted in Fair (4.0) profitability.
Other Rating Factors:
A current level of 1.9 percent of nonperforming loans to core capital combined with 10.1 percent from a year earlier contributes to the Excellent asset quality (7.3). Good current capitalization (7.0 on a scale of 0 to 10) based on a risk-based capital ratio of 13.0 and a capital leverage ratio of 9.0.
Asset Mix:
Comm loans (30%), securities (24%), comm re (14%), home mtgs (14%), cash (2%), consumer loans (1%), home eq lns (1%), other (15%)
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
Reliance Bancorporation, Inc.
Investment Rating
--
Address
2300 NW 30th Street
Faribault, MN 55021
Faribault, MN 55021
Phone Number
(507) 331-2493
Year Founded
2007
FDIC Number
Website
Largest Affiliates
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