Major Rating Factors:
A current level of 5.3 percent of nonperforming loans to core capital combined with 7.3 percent from a year earlier contributes to the Fair asset quality (4.6). Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.4 has resulted in Very Weak (0.4) profitability.
Other Rating Factors:
Excellent current capitalization (9.4 on a scale of 0 to 10) and a capital leverage ratio of 10.6. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.6 on a scale of 0 to 10).
Asset Mix:
Securities (21%), comm re (13%), home mtgs (13%), cash (5%), comm loans (5%), home eq lns (1%), consumer loans (1%), other (42%)
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
Kerndt Bank Services, Inc.
Investment Rating
--
Address
370 Main Street
Lansing, IA 52151
Lansing, IA 52151
Phone Number
(563) 538-4231
Year Founded
FDIC Number
Website
Largest Affiliates
No affiliate information available.