Major Rating Factors:
Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 0.9 has resulted in Fair (4.7) profitability. A current level of 1.8 percent of nonperforming loans to core capital combined with 1.7 percent from a year earlier contributes to the Excellent asset quality (7.3).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.7 on a scale of 0 to 10). Excellent current capitalization (8.3 on a scale of 0 to 10) based on a risk-based capital ratio of 12.9 and a capital leverage ratio of 9.9.
Asset Mix:
Comm re (50%), securities (13%), comm loans (5%), cash (5%), home mtgs (4%), home eq lns (2%), consumer loans (0%), other (21%)
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
Ocean Bankshares, Inc.
Investment Rating
--
Address
780 NW 42nd Avenue
Miami, FL 33126
Miami, FL 33126
Phone Number
(305) 442-2660
Year Founded
1982
FDIC Number
Website
Largest Affiliates
No affiliate information available.