Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 13.2. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.3 on a scale of 0 to 10).
Other Rating Factors:
A current level of 3.8 percent of nonperforming loans to core capital combined with 4.4 percent from a year earlier contributes to the Excellent asset quality (7.4). Fair liquidity 3.4, driven by a liquidity ratio of 15.6 percent and a “hot money” ratio of 9.3 percent.
Asset Mix:
Home mtgs (25%), comm re (22%), securities (20%), home eq lns (6%), comm loans (5%), consumer loans (4%), cash (2%), other (17%)
States with Branches:
ME
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
Norway Bancorp, MHC
Investment Rating
--
Address
261 Main Street
Norway, ME 04268
Norway, ME 04268
Phone Number
(207) 743-7986
Year Founded
1866
FDIC Number
Website
Largest Affiliates
No affiliate information available.