Major Rating Factors:
A current level of 1.0 percent of nonperforming loans to core capital combined with 8.1 percent from a year earlier contributes to the Excellent asset quality (9.0). Excellent current capitalization (8.9 on a scale of 0 to 10) based on a risk-based capital ratio of 16.2 and a capital leverage ratio of 10.3.
Other Rating Factors:
Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.2 has resulted in Good (5.1) profitability. Fair liquidity 3.7, driven by a liquidity ratio of 10.0 percent and a “hot money” ratio of 8.0 percent.
Asset Mix:
Securities (31%), home mtgs (20%), comm re (18%), cash (8%), comm loans (4%), consumer loans (1%), home eq lns (1%), other (16%)
States with Branches:
AL
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
FirstFed Bancorp, Inc.
Investment Rating
--
Address
1630 Fourth Avenue, North
Bessemer, AL 35020
Bessemer, AL 35020
Phone Number
(205) 428-8472
Year Founded
1965
FDIC Number
Website
Largest Affiliates
No affiliate information available.