Major Rating Factors:
Operating profits as a percentage of assets at 2.5%, coupled with a return on assets of 2.4 has resulted in Excellent (9.1) profitability. Excellent current capitalization (8.2 on a scale of 0 to 10) based on a risk-based capital ratio of 12.7 and a capital leverage ratio of 9.8.
Other Rating Factors:
A current level of 0.0 percent of nonperforming loans to core capital combined with 0.0 percent from a year earlier contributes to the Excellent asset quality (7.2). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.3 on a scale of 0 to 10).
Asset Mix:
Securities (22%), comm re (4%), comm loans (3%), cash (3%), home eq lns (1%), consumer loans (1%), home mtgs (0%), other (65%)
States with Branches:
SD
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
Wessington Bankshares, Inc.
Investment Rating
--
Address
302 East Seventh Avenue
Redfield, SD 57469
Redfield, SD 57469
Phone Number
(605) 475-5500
Year Founded
1909
FDIC Number
Website
Largest Affiliates
No affiliate information available.