Major Rating Factors:
Excellent current capitalization (8.3 on a scale of 0 to 10) based on a net capital to total assets of 10.4 and a net worth ratio of 10.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.6 on a scale of 0 to 10).
Other Rating Factors:
A current level of 8.9 percent of nonperforming loans to core capital combined with 5.9 percent from a year earlier contributes to the Excellent asset quality (7.0). Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.6 has resulted in Fair (3.7) profitability.
Asset Mix:
Home mtgs (26%), consumer loans (19%), other (54%)
Largest Competitors
Apple Valley, MN
Plymouth, MN
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Woodbury, MN