Major Rating Factors:
Excellent current capitalization (9.4 on a scale of 0 to 10) and a capital leverage ratio of 10.6. A current level of 0.1 percent of nonperforming loans to core capital combined with 0.2 percent from a year earlier contributes to the Excellent asset quality (7.5).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.4 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.1 has resulted in Good (5.0) profitability.
Asset Mix:
Comm re (20%), securities (19%), home mtgs (14%), comm loans (12%), consumer loans (10%), cash (7%), home eq lns (1%), other (17%)
States with Branches:
NC, TN, VA
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
Miners and Merchants Bancorp, Inc.
Investment Rating
--
Address
20089 Riverside Drive
Grundy, VA 24614
Grundy, VA 24614
Phone Number
(276) 935-8161
Year Founded
1975
FDIC Number
Website
Largest Affiliates
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