Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.4 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.7 has resulted in Fair (3.2) profitability.
Other Rating Factors:
A current level of 0.0 percent of nonperforming loans to core capital combined with 0.0 percent from a year earlier contributes to the Excellent asset quality (9.5). Good current capitalization (6.8 on a scale of 0 to 10) based on a risk-based capital ratio of 17.4 and a capital leverage ratio of 8.8.
Asset Mix:
Home mtgs (69%), securities (12%), home eq lns (6%), comm re (4%), cash (2%), comm loans (1%), consumer loans (0%), other (6%)
States with Branches:
CT
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
Iron Bancshares, Inc.
Investment Rating
--
Address
195 Main Street
Salisbury, CT 06068
Salisbury, CT 06068
Phone Number
(860) 435-2581
Year Founded
1847
FDIC Number
Website
Largest Affiliates
No affiliate information available.