Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.2 on a scale of 0 to 10).
Other Rating Factors:
Weak liquidity 1.0, driven by a liquidity ratio of 32.0 percent and a “hot money” ratio of 24.9 percent. A current level of 1.4 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.1).
Asset Mix:
Home mtgs (55%), cash (21%), securities (8%), consumer loans (1%), home eq lns (1%), comm re (0%), other (13%)
States with Branches:
NC
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
121 North Church Street
Hertford, NC 27944
Hertford, NC 27944
Phone Number
(252) 426-5403
Year Founded
1923
FDIC Number
Largest Affiliates
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