Major Rating Factors:
Excellent current capitalization (9.9 on a scale of 0 to 10) based on a net capital to total assets of 11.5 and a net worth ratio of 13.6. Operating profits as a percentage of assets at 1.7%, coupled with a return on assets of 1.3 has resulted in Excellent (8.1) profitability.
Other Rating Factors:
A current level of 5.2 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.0). 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:
Comm loans (28%), home mtgs (24%), consumer loans (9%), securities (1%), other (37%)
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
Address
30 West Superior Street
Duluth, MN 55802
Duluth, MN 55802
Phone Number
(218) 336-1800
NCUA Charter Number
Website
Largest Competitors
Duluth, MN
Duluth, MN
Duluth, MN
Duluth, MN