Major Rating Factors:
A current level of 21.1 percent of nonperforming loans to core capital combined with 9.0 percent from a year earlier contributes to the Weak asset quality (2.6). Operating profits as a percentage of assets at 1.8%, coupled with a return on assets of 1.7 has resulted in Good (6.7) profitability.
Other Rating Factors:
Excellent current capitalization (9.2 on a scale of 0 to 10) based on a risk-based capital ratio of 13.2 and a capital leverage ratio of 10.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.0 on a scale of 0 to 10).
Asset Mix:
Home mtgs (19%), comm re (16%), comm loans (11%), securities (6%), cash (3%), consumer loans (1%), other (43%)
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
No affiliate information available.