Major Rating Factors:
Fair current capitalization (4.8 on a scale of 0 to 10) based on a risk-based capital ratio of 18.9 and a capital leverage ratio of 6.9. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.6 on a scale of 0 to 10).
Other Rating Factors:
A current level of 0.2 percent of nonperforming loans to core capital combined with 0.5 percent from a year earlier contributes to the Excellent asset quality (10.0). Good liquidity 6.0, driven by a liquidity ratio of 49.9 percent and a “hot money” ratio of 18.5 percent.
Asset Mix:
Securities (75%), home mtgs (5%), cash (3%), comm re (3%), comm loans (2%), home eq lns (1%), consumer loans (0%), other (11%)
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
Progressive Growth Corp.
Investment Rating
--
Address
703 Third Street
Nicollet, MN 56074
Nicollet, MN 56074
Phone Number
(507) 232-3488
Year Founded
1904
FDIC Number
Website
Largest Affiliates
No affiliate information available.