Major Rating Factors:
A current level of 8.1 percent of nonperforming loans to core capital combined with 13.8 percent from a year earlier contributes to the Fair asset quality (3.6). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.7 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (9.3 on a scale of 0 to 10) based on a risk-based capital ratio of 15.0 and a capital leverage ratio of 10.6. Operating profits as a percentage of assets at 2.0%, coupled with a return on assets of 1.5 has resulted in Excellent (7.5) profitability.
Asset Mix:
Securities (18%), comm loans (7%), cash (6%), home mtgs (3%), comm re (2%), consumer loans (1%), other (63%)
States with Branches:
MT, ND
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
Merchants Holding Company
Investment Rating
--
Address
210 South Main Avenue
Rugby, ND 58368
Rugby, ND 58368
Phone Number
(701) 776-5811
Year Founded
1897
FDIC Number
Largest Affiliates
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