Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 24.9 and a capital leverage ratio of 13.2. Operating profits as a percentage of assets at 2.0%, coupled with a return on assets of 2.0 has resulted in Excellent (9.1) profitability.
Other Rating Factors:
A current level of 0.8 percent of nonperforming loans to core capital combined with 1.4 percent from a year earlier contributes to the Excellent asset quality (9.0). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.0 on a scale of 0 to 10).
Asset Mix:
Comm re (34%), cash (33%), securities (15%), comm loans (6%), home mtgs (2%), other (9%)
States with Branches:
FL
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
Surety Financial Holdings, Inc.
Investment Rating
--
Address
990 North Woodland Boulevard
DeLand, FL 32720
DeLand, FL 32720
Phone Number
(386) 734-1647
Year Founded
1926
FDIC Number
Website
Largest Affiliates
There are no affiliate to display.