Storm Lake-based Meta Financial Group Inc. filed its annual report in December with the Securities and Exchange Commission, reporting results from the fiscal year that ended Sept. 30. The company has operations in Dallas and Polk counties. Here are some details from the report.

• As of Sept. 30, the company’s assets increased $124.6 million, or 17.5 percent, to $834.8 million compared with $710.2 million a year earlier. The increase in assets came primarily from increases in the company’s mortgage-backed securities and to a lesser extent the company’s cash and foreclosed real estate and repossessed assets, which were offset in part by decreases in the portfolio of net loans, investment in federal funds sold and investment securities available for sale.

• The company’s net loan portfolio totaled $391.6 million, or 46.9 percent of total assets.

• $11.5 million, or 5 percent, of the company’s commercial and multi-family real estate loans were nonperforming.

• $871,000, or 3.2 percent, of the commercial business loan portfolio was nonperforming. Commercial business loans have been a declining percentage of the company’s loan portfolio since 2005.

• The company had $12.6 million in non-accruing loans, which constituted 3.2 percent of the gross loan portfolio. This represented an improvement from June 30, when the company had $17.2 million in non-accruing loans, or 4.3 percent of its gross loan portfolio. The increase in nonperforming loans relates to three commercial borrowers and is primarily due to deterioration in the commercial real estate market caused by the economic downturn.

• The company classified $30.8 million of its assets as substandard, $10.4 million as doubtful and none as a loss. There were $2.1 million real-estate-owned or other foreclosed assets.