Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.3 on a scale of 0 to 10). A current level of 0.4 percent of nonperforming loans to core capital contributes to the Excellent asset quality (7.0).
Other Rating Factors:
Operating profits as a percentage of assets at 2.6%, coupled with a return on assets of 2.5 has resulted in Excellent (9.8) profitability. Excellent current capitalization (8.4 on a scale of 0 to 10) based on a risk-based capital ratio of 11.4 and a capital leverage ratio of 9.9.
Asset Mix:
Securities (13%), comm re (5%), cash (4%), comm loans (3%), consumer loans (1%), home mtgs (0%), other (73%)
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
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