Major Rating Factors:
Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 0.8 has resulted in Fair (3.5) profitability. Excellent current capitalization (7.1 on a scale of 0 to 10) based on a risk-based capital ratio of 14.4 and a capital leverage ratio of 9.0.
Other Rating Factors:
A current level of 1.1 percent of nonperforming loans to core capital combined with 1.0 percent from a year earlier contributes to the Excellent asset quality (8.7). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.3 on a scale of 0 to 10).
Asset Mix:
Comm re (33%), home mtgs (25%), cash (14%), securities (9%), home eq lns (4%), comm loans (3%), consumer loans (1%), other (11%)
States with Branches:
SC
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
First Palmetto Financial Corporation
Investment Rating
--
Address
407 DeKalb Street
Camden, SC 29020
Camden, SC 29020
Phone Number
(803) 922-7411
Year Founded
FDIC Number
Website
Largest Affiliates
No affiliate information available.