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 1.5%, coupled with a return on assets of 1.1 has resulted in Good (5.5) profitability.
Other Rating Factors:
Excellent current capitalization (9.0 on a scale of 0 to 10) based on a risk-based capital ratio of 15.8 and a capital leverage ratio of 10.7. A current level of 0.0 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.3).
Asset Mix:
Securities (19%), home mtgs (14%), comm loans (9%), cash (7%), comm re (5%), consumer loans (2%), home eq lns (2%), 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
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