Grove Bank
Major Rating Factors:
Operating profits as a percentage of assets at 0.3%, coupled with a return on assets of 0.2 has resulted in Weak (1.8) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.0 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (8.4 on a scale of 0 to 10) based on a risk-based capital ratio of 12.9 and a capital leverage ratio of 10.0. A current level of 0.8 percent of nonperforming loans to core capital combined with 1.6 percent from a year earlier contributes to the Excellent asset quality (7.6).
Asset Mix:
Home mtgs (32%), comm loans (22%), securities (20%), comm re (5%), home eq lns (3%), cash (2%), consumer loans (1%), other (14%)
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
Grove Bancorp, Inc.
Investment Rating
--
Address
110 Atlantic Avenue, West
Grove City, MN 56243
Grove City, MN 56243
Phone Number
(320) 857-2521
Year Founded
1907
FDIC Number
Website
Largest Affiliates
There are no affiliate to display.