Major Rating Factors:
Excellent current capitalization (9.2 on a scale of 0 to 10) based on a risk-based capital ratio of 19.1 and a capital leverage ratio of 10.5. Operating profits as a percentage of assets at 2.0%, coupled with a return on assets of 2.0 has resulted in Excellent (7.0) profitability.
Other Rating Factors:
A current level of 8.3 percent of nonperforming loans to core capital combined with 4.3 percent from a year earlier contributes to the Good asset quality (5.9). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Asset Mix:
Home mtgs (53%), securities (17%), cash (9%), comm re (6%), comm loans (3%), consumer loans (2%), home eq lns (1%), other (9%)
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
G.S.B. Financial Corporation
Investment Rating
--
Address
120 West King Street
Garrett, IN 46738
Garrett, IN 46738
Phone Number
(260) 357-3133
Year Founded
1892
FDIC Number
Website
Largest Affiliates
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