Major Rating Factors:
Operating profits as a percentage of assets at 6.7%, coupled with a return on assets of 5.0 has resulted in Excellent (10.0) profitability. A current level of 2.3 percent of nonperforming loans to core capital combined with 3.6 percent from a year earlier contributes to the Excellent asset quality (8.5).
Other Rating Factors:
Excellent current capitalization (7.4 on a scale of 0 to 10) based on a risk-based capital ratio of 13.8 and a capital leverage ratio of 9.3. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.7 on a scale of 0 to 10).
Asset Mix:
Securities (49%), comm loans (42%), cash (6%), other (3%)
States with Branches:
ME, UT
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
WEX Inc.
Investment Rating
--
Address
111 East Sego Lily Drive
Sandy, UT 84070
Sandy, UT 84070
Phone Number
(801) 568-4345
Year Founded
1998
FDIC Number
Website
Largest Affiliates
No affiliate information available.