Major Rating Factors:
Excellent current capitalization (9.2 on a scale of 0 to 10) based on a risk-based capital ratio of 11.3 and a capital leverage ratio of 10.4. 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.
Other Rating Factors:
A current level of 1.9 percent of nonperforming loans to core capital combined with 1.5 percent from a year earlier contributes to the Good asset quality (6.8). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Asset Mix:
Consumer loans (34%), comm re (11%), comm loans (7%), home mtgs (5%), cash (4%), home eq lns (2%), securities (0%), other (36%)
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.