Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.1 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.1 has resulted in Good (5.7) profitability.
Other Rating Factors:
Good current capitalization (6.8 on a scale of 0 to 10) based on a risk-based capital ratio of 14.1 and a capital leverage ratio of 8.8. A current level of 1.4 percent of nonperforming loans to core capital combined with 16.6 percent from a year earlier contributes to the Good asset quality (6.4).
Asset Mix:
Comm re (18%), securities (17%), cash (15%), home mtgs (13%), comm loans (7%), consumer loans (4%), home eq lns (1%), other (25%)
States with Branches:
FL
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
Group Affiliation
Lafayette Banking Company
Investment Rating
--
Address
340 West Main Street
Mayo, FL 32066
Mayo, FL 32066
Phone Number
(386) 294-1901
Year Founded
1946
FDIC Number
Largest Affiliates
No affiliate information available.