Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (5.0 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.1 has resulted in Good (5.2) profitability.
Other Rating Factors:
A current level of 0.3 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.2). Excellent current capitalization (7.7 on a scale of 0 to 10) based on a risk-based capital ratio of 15.5 and a capital leverage ratio of 9.9.
Asset Mix:
Securities (22%), home mtgs (12%), comm loans (9%), cash (8%), comm re (5%), consumer loans (2%), home eq lns (1%), other (40%)
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
Freeport Bancshares, Inc.
Investment Rating
--
Address
111 Main Street, East
Freeport, MN 56331
Freeport, MN 56331
Phone Number
(320) 836-2126
Year Founded
1901
FDIC Number
Website
Largest Affiliates
No affiliate information available.