Major Rating Factors:
Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.1 has resulted in Fair (4.7) profitability. Weak current capitalization (2.7 on a scale of 0 to 10) based on a risk-based capital ratio of 26.3 and a capital leverage ratio of 7.5.
Other Rating Factors:
A current level of 2.2 percent of nonperforming loans to core capital combined with 0.8 percent from a year earlier contributes to the Excellent asset quality (7.2). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (7.0 on a scale of 0 to 10).
Asset Mix:
Home mtgs (30%), securities (20%), consumer loans (13%), cash (8%), comm loans (3%), comm re (2%), other (25%)
States with Branches:
FL, MI, NY
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
Morgan Stanley
Investment Rating
Address
1588 Broadway
New York, NY 10036
New York, NY 10036
Phone Number
(212) 762-1803
Year Founded
1996
FDIC Number
Website
Largest Affiliates
Salt Lake City, UT
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Bank
