Major Rating Factors:
A current level of 26.0 percent of nonperforming loans to core capital combined with 10.4 percent from a year earlier contributes to the Weak asset quality (1.6). Operating profits as a percentage of assets at 3.9%, coupled with a return on assets of 3.0 has resulted in Excellent (9.0) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 14.3 and a capital leverage ratio of 11.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.9 on a scale of 0 to 10).
Asset Mix:
Comm re (32%), comm loans (29%), cash (14%), home mtgs (13%), securities (1%), other (11%)
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
NewtekOne, Inc.
Investment Rating
--
Address
1111 Brickell Avenue
Miami, FL 33131
Miami, FL 33131
Phone Number
(888) 681-7238
Year Founded
1963
FDIC Number
Website
Largest Affiliates
No affiliate information available.