Major Rating Factors:
Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.2 has resulted in Fair (4.7) profitability. A current level of 12.5 percent of nonperforming loans to core capital combined with 6.7 percent from a year earlier contributes to the Fair asset quality (4.0).
Other Rating Factors:
Excellent current capitalization (7.4 on a scale of 0 to 10) based on a risk-based capital ratio of 11.5 and a capital leverage ratio of 9.2. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10).
Asset Mix:
Comm re (22%), home mtgs (20%), comm loans (15%), cash (5%), consumer loans (2%), home eq lns (1%), securities (1%), other (35%)
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
Investment Rating
--
Address
Five East Minnesota Avenue
Glenwood, MN 56334
Glenwood, MN 56334
Phone Number
(320) 634-5111
Year Founded
1907
FDIC Number
Website
Largest Affiliates
No affiliate information available.