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 (4.3 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.0 has resulted in Good (5.6) profitability.
Other Rating Factors:
Excellent current capitalization (9.6 on a scale of 0 to 10) based on a risk-based capital ratio of 11.9 and a capital leverage ratio of 10.7. A current level of 2.2 percent of nonperforming loans to core capital combined with 3.5 percent from a year earlier contributes to the Good asset quality (6.7).
Asset Mix:
Consumer loans (39%), comm re (12%), cash (7%), comm loans (6%), home mtgs (5%), home eq lns (2%), securities (0%), other (28%)
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.