Major Rating Factors:
A current level of 14.4 percent of nonperforming loans to core capital combined with 21.7 percent from a year earlier contributes to the Fair asset quality (3.5). Operating profits as a percentage of assets at 2.2%, coupled with a return on assets of 2.2 has resulted in Excellent (8.0) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 13.5 and a capital leverage ratio of 11.0. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.8 on a scale of 0 to 10).
Asset Mix:
Home mtgs (20%), comm re (16%), comm loans (10%), securities (6%), cash (1%), home eq lns (1%), consumer loans (1%), other (44%)
States with Branches:
IA
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
Primebank, Inc.
Investment Rating
--
Address
37 First Avenue, NW
Le Mars, IA 51031
Le Mars, IA 51031
Phone Number
(712) 546-4175
Year Founded
1891
FDIC Number
Website
Largest Affiliates
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