Major Rating Factors:
Operating profits as a percentage of assets at 0.0%, coupled with a return on assets of 0.0 has resulted in Weak (1.1) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.2 on a scale of 0 to 10).
Other Rating Factors:
Very Weak liquidity 0.3, driven by a liquidity ratio of 27.4 percent and a “hot money” ratio of 24.7 percent. A current level of 1.5 percent of nonperforming loans to core capital combined with 0.4 percent from a year earlier contributes to the Excellent asset quality (9.7).
Asset Mix:
Home mtgs (66%), cash (14%), securities (9%), consumer loans (1%), comm re (1%), home eq lns (1%), other (7%)
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
No affiliate information available.