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 1.8 percent of nonperforming loans to core capital combined with 1.5 percent from a year earlier contributes to the Excellent asset quality (9.2).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 27.8. Operating profits as a percentage of assets at 2.6%, coupled with a return on assets of 2.2 has resulted in Excellent (9.7) profitability.
Asset Mix:
Home mtgs (54%), comm re (13%), cash (13%), home eq lns (9%), consumer loans (1%), other (9%)
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
Investment Rating
--
Address
1229 West Floyd Baker Boulevard
Gaffney, SC 29341
Gaffney, SC 29341
Phone Number
(864) 489-6046
Year Founded
1933
FDIC Number
Website
Largest Affiliates
No affiliate information available.