Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 22.4 and a capital leverage ratio of 11.3. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.4 on a scale of 0 to 10).
Other Rating Factors:
A current level of 3.5 percent of nonperforming loans to core capital combined with 2.2 percent from a year earlier contributes to the Good asset quality (6.9). Good liquidity 5.3, driven by a liquidity ratio of 24.9 percent and a “hot money” ratio of 5.9 percent.
Asset Mix:
Securities (55%), home mtgs (10%), comm re (8%), comm loans (3%), cash (3%), consumer loans (2%), home eq lns (1%), other (16%)
States with Branches:
FL, 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 Federal Bancorp, MHC
Investment Rating
--
Address
4705 West U.S. Highway 90
Lake City, FL 32055
Lake City, FL 32055
Phone Number
(386) 755-0600
Year Founded
1962
FDIC Number
Website
Largest Affiliates
No affiliate information available.