Development
Major Rating Factors:
Operating profits as a percentage of assets at 0.2%, coupled with a return on assets of 0.0 has resulted in Weak (2.6) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Other Rating Factors:
Good current capitalization (5.9 on a scale of 0 to 10) based on a net capital to total assets of 8.3 and a net worth ratio of 9.1. A current level of 11.8 percent of nonperforming loans to core capital combined with 6.2 percent from a year earlier contributes to the Good asset quality (5.9).
Asset Mix:
Home mtgs (26%), consumer loans (19%), securities (1%), other (54%)
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
4628 Mike Colalillo Drive
Duluth, MN 55807
Duluth, MN 55807
Phone Number
(800) 296-8871
NCUA Charter Number
Website
Largest Competitors
Duluth, MN
Duluth, MN
Duluth, MN
Duluth, MN