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 (3.7 on a scale of 0 to 10). 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 (7.4).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 19.1 and a capital leverage ratio of 15.3. Operating profits as a percentage of assets at 3.0%, coupled with a return on assets of 2.1 has resulted in Excellent (10.0) profitability.
Asset Mix:
Comm re (50%), home mtgs (16%), securities (7%), cash (4%), comm loans (2%), other (22%)
States with Branches:
FL, NY