Major Rating Factors:
Operating profits as a percentage of assets at 0.0%, coupled with a return on assets of 0.0 has resulted in Very Weak (0.3) profitability. A current level of 13.5 percent of nonperforming loans to core capital combined with 13.5 percent from a year earlier contributes to the Fair asset quality (4.0).
Other Rating Factors:
Weak liquidity 2.3, driven by a liquidity ratio of 12.8 percent and a “hot money” ratio of 0.0 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.8 on a scale of 0 to 10).
Asset Mix:
Consumer loans (73%), securities (2%), other (25%)
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
110 Eltinge Place
Fairmont, MN 56031
Fairmont, MN 56031
Phone Number
(507) 235-5060
NCUA Charter Number
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