Major Rating Factors:
Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.5 has resulted in Very Weak (1.0) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.4 on a scale of 0 to 10).
Other Rating Factors:
A current level of 3.4 percent of nonperforming loans to core capital combined with 2.9 percent from a year earlier contributes to the Excellent asset quality (7.8). Good current capitalization (6.6 on a scale of 0 to 10) based on a risk-based capital ratio of 16.9 and a capital leverage ratio of 8.6.
Asset Mix:
Home mtgs (69%), securities (11%), cash (4%), comm re (4%), home eq lns (2%), comm loans (1%), consumer loans (1%), other (9%)
States with Branches:
OH
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
Mechanics Financial Corporation
Investment Rating
--
Address
Two South Main Street
Mansfield, OH 44902
Mansfield, OH 44902
Phone Number
(419) 524-0831
Year Founded
1886
FDIC Number
Website
Largest Affiliates
No affiliate information available.