Major Rating Factors:
A current level of 1.6 percent of nonperforming loans to core capital combined with 1.6 percent from a year earlier contributes to the Excellent asset quality (8.3). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.6 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (7.2 on a scale of 0 to 10) and a capital leverage ratio of 9.1. Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.6 has resulted in Fair (4.5) profitability.
Asset Mix:
Home mtgs (39%), comm re (15%), securities (9%), cash (8%), comm loans (5%), home eq lns (5%), consumer loans (1%), other (18%)
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
North Shore Financial Corporation
Investment Rating
--
Address
131 West Superior Street
Duluth, MN 55802
Duluth, MN 55802
Phone Number
(218) 722-4784
Year Founded
1915
FDIC Number
Website
Largest Affiliates
No affiliate information available.