Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Very Weak overall stability index (1.0 on a scale of 0 to 10). A current level of 42.3 percent of nonperforming loans to core capital combined with 53.0 percent from a year earlier contributes to the Weak asset quality (1.0).
Other Rating Factors:
Very Weak liquidity 0.8, driven by a liquidity ratio of 14.3 percent and a “hot money” ratio of 34.0 percent. Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.3 has resulted in Weak (2.5) profitability.
Asset Mix:
Home mtgs (30%), securities (18%), comm re (15%), comm loans (9%), home eq lns (7%), consumer loans (6%), 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
No affiliate information available.