Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 32.8 and a capital leverage ratio of 16.9. A current level of 0.3 percent of nonperforming loans to core capital combined with 0.1 percent from a year earlier contributes to the Excellent asset quality (9.7).
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 (9.6 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.9%, coupled with a return on assets of 1.7 has resulted in Excellent (7.6) profitability.
Asset Mix: Securities (69%), home mtgs (5%), comm loans (4%), comm re (4%), consumer loans (2%), cash (1%), other (15%)
States with Branches: AL