The North Salem State Bank
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 (4.3 on a scale of 0 to 10). A current level of 5.1 percent of nonperforming loans to core capital combined with 1.4 percent from a year earlier contributes to the Good asset quality (6.7).
Other Rating Factors:
Operating profits as a percentage of assets at 2.0%, coupled with a return on assets of 1.6 has resulted in Excellent (8.2) profitability. Good current capitalization (7.0 on a scale of 0 to 10) based on a risk-based capital ratio of 12.9 and a capital leverage ratio of 9.0.
Asset Mix:
Comm re (22%), home mtgs (22%), securities (10%), comm loans (5%), home eq lns (4%), cash (2%), consumer loans (2%), other (33%)
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
The North Salem State Bancorporation
Investment Rating
--
Address
Seven North Broadway Street
North Salem, IN 46165
North Salem, IN 46165
Phone Number
(765) 676-5100
Year Founded
1923
FDIC Number
Website
Largest Affiliates
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