Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 25.5 and a capital leverage ratio of 13.2. A current level of 1.9 percent of nonperforming loans to core capital combined with 1.3 percent from a year earlier contributes to the Excellent asset quality (9.5).
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 (7.6 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.1 has resulted in Fair (4.6) profitability.
Asset Mix:
Home mtgs (57%), securities (19%), comm re (7%), cash (2%), home eq lns (2%), comm loans (1%), consumer loans (0%), other (12%)
States with Branches:
GA, 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
Oconee Federal, MHC
Investment Rating
--
Address
115 East North Second Street
Seneca, SC 29678
Seneca, SC 29678
Phone Number
(864) 882-2765
Year Founded
1924
FDIC Number
Website
Largest Affiliates
No affiliate information available.