Major Rating Factors:
Operating profits as a percentage of assets at 0.3%, coupled with a return on assets of 0.3 has resulted in Very Weak (0.5) profitability. A current level of 16.2 percent of nonperforming loans to core capital combined with 8.5 percent from a year earlier contributes to the Fair asset quality (3.7).
Other Rating Factors:
Very Weak liquidity 0.8, driven by a liquidity ratio of 11.2 percent and a “hot money” ratio of 20.5 percent. 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).
Asset Mix:
Home mtgs (36%), comm re (16%), securities (7%), comm loans (4%), cash (4%), home eq lns (3%), consumer loans (1%), other (29%)
States with Branches:
ID, MN, WA
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
Portage Bancshares, Inc.
Investment Rating
--
Address
880 108th Avenue, NE
Bellevue, WA 98004
Bellevue, WA 98004
Phone Number
(507) 632-4242
Year Founded
1901
FDIC Number
Website
Largest Affiliates
No affiliate information available.