Major Rating Factors:
Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.3 has resulted in Weak (2.5) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.4 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 33.9 and a capital leverage ratio of 15.5. A current level of 1.5 percent of nonperforming loans to core capital combined with 0.9 percent from a year earlier contributes to the Excellent asset quality (9.0).
Asset Mix:
Home mtgs (52%), securities (28%), cash (7%), comm re (3%), home eq lns (1%), consumer loans (0%), other (10%)
States with Branches:
NJ
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
Lusitania Financial, MHC
Investment Rating
--
Address
107 Pulaski Street
Newark, NJ 07105
Newark, NJ 07105
Phone Number
(973) 344-5125
Year Founded
1980
FDIC Number
Website
Largest Affiliates
No affiliate information available.