Major Rating Factors:
Excellent current capitalization (9.6 on a scale of 0 to 10) based on a risk-based capital ratio of 14.2 and a capital leverage ratio of 10.8. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.9 on a scale of 0 to 10).
Other Rating Factors:
A current level of 3.4 percent of nonperforming loans to core capital combined with 2.0 percent from a year earlier contributes to the Excellent asset quality (7.9). Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.7 has resulted in Fair (3.3) profitability.
Asset Mix:
Home mtgs (32%), comm re (32%), comm loans (7%), securities (7%), cash (5%), home eq lns (2%), consumer loans (0%), other (15%)
States with Branches:
ME, NH
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
ClearNorth Financial Mutual Holding Co.
Investment Rating
--
Address
505 Sabattus Street
Lewiston, ME 04240
Lewiston, ME 04240
Phone Number
(207) 784-9164
Year Founded
1870
FDIC Number
Website
Largest Affiliates
Lebanon, NH
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Bank