Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (1.7 on a scale of 0 to 10). A current level of 27.6 percent of nonperforming loans to core capital combined with 53.0 percent from a year earlier contributes to the Weak asset quality (1.7).
Other Rating Factors:
Weak liquidity 1.8, driven by a liquidity ratio of 15.9 percent and a “hot money” ratio of 27.2 percent. Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.3 has resulted in Weak (2.2) profitability.
Asset Mix:
Home mtgs (32%), securities (19%), comm re (13%), comm loans (9%), home eq lns (8%), consumer loans (7%), cash (4%), other (10%)
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
Higgins Bancorporation, Inc.
Investment Rating
--
Address
3025 145th Street, West
Rosemount, MN 55068
Rosemount, MN 55068
Phone Number
(651) 423-1121
Year Founded
1909
FDIC Number
Website
Largest Affiliates
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