Major Rating Factors:
A current level of 16.2 percent of nonperforming loans to core capital combined with 21.0 percent from a year earlier contributes to the Weak asset quality (1.3). Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.4 has resulted in Good (5.4) profitability.
Other Rating Factors:
Good current capitalization (7.0 on a scale of 0 to 10) based on a risk-based capital ratio of 11.2 and a capital leverage ratio of 9.0. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.9 on a scale of 0 to 10).
Asset Mix:
Securities (18%), comm loans (6%), cash (6%), comm re (5%), home mtgs (4%), consumer loans (3%), other (57%)
States with Branches:
MN
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
Dakota Financial, Inc.
Investment Rating
--
Address
240 North Second Street
Milan, MN 56262
Milan, MN 56262
Phone Number
(320) 734-4444
Year Founded
1915
FDIC Number
Website
Largest Affiliates
No affiliate information available.