Major Rating Factors: A current level of 0.2 percent of nonperforming loans to core capital combined with 0.2 percent from a year earlier contributes to the Excellent asset quality (9.5). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.6 on a scale of 0 to 10).
Other Rating Factors: Excellent current capitalization (8.6 on a scale of 0 to 10) based on a risk-based capital ratio of 15.5 and a capital leverage ratio of 10.1. Excellent liquidity 7.1, driven by a liquidity ratio of 60.7 percent and a “hot money” ratio of 4.4 percent.
Asset Mix: Securities (66%), comm loans (10%), comm re (6%), home mtgs (6%), home eq lns (2%), cash (1%), consumer loans (0%), other (10%)
States with Branches: FL