Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (5.0 on a scale of 0 to 10). A current level of 1.9 percent of nonperforming loans to core capital combined with 1.9 percent from a year earlier contributes to the Good asset quality (6.8).
Other Rating Factors:
Excellent current capitalization (8.6 on a scale of 0 to 10) based on a risk-based capital ratio of 11.1 and a capital leverage ratio of 10.1. Operating profits as a percentage of assets at 1.7%, coupled with a return on assets of 1.3 has resulted in Good (6.9) profitability.
Asset Mix:
Consumer loans (35%), comm re (12%), comm loans (6%), home mtgs (5%), cash (4%), home eq lns (2%), securities (0%), other (35%)
States with Branches:
TN
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
Independent Holdings, Inc
Investment Rating
--
Address
5050 Poplar Avenue
Memphis, TN 38157
Memphis, TN 38157
Phone Number
(901) 844-5051
Year Founded
1998
FDIC Number
Website
Largest Affiliates
No affiliate information available.