Major Rating Factors:
Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.4 has resulted in Fair (3.3) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.8 on a scale of 0 to 10).
Other Rating Factors:
Good current capitalization (6.6 on a scale of 0 to 10) based on a net capital to total assets of 9.1 and a net worth ratio of 0.0. A current level of 16.0 percent of nonperforming loans to core capital combined with 11.8 percent from a year earlier contributes to the Good asset quality (6.0).
Asset Mix:
Home mtgs (27%), consumer loans (17%), other (56%)
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
215 N 40th Avenue West
Duluth, MN 55807
Duluth, MN 55807
Phone Number
(218) 625-8500
NCUA Charter Number
Website
Largest Competitors
Duluth, MN
Duluth, MN
Duluth, MN
Duluth, MN