Major Rating Factors:
Excellent current capitalization (7.4 on a scale of 0 to 10) based on a risk-based capital ratio of 14.0 and a capital leverage ratio of 9.3. Operating profits as a percentage of assets at 1.8%, coupled with a return on assets of 1.7 has resulted in Good (7.0) profitability.
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.1 on a scale of 0 to 10). A current level of 11.8 percent of nonperforming loans to core capital combined with 3.5 percent from a year earlier contributes to the Fair asset quality (4.0).
Asset Mix:
Securities (22%), home mtgs (10%), cash (5%), comm loans (4%), comm re (3%), consumer loans (2%), other (55%)
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
The Viking Corporation
Investment Rating
--
Address
21 North Main Street
Denison, IA 51442
Denison, IA 51442
Phone Number
(712) 263-5685
Year Founded
1927
FDIC Number
Largest Affiliates
No affiliate information available.