Major Rating Factors:
A current level of 0.4 percent of nonperforming loans to core capital combined with 2.3 percent from a year earlier contributes to the Excellent asset quality (9.9). Operating profits as a percentage of assets at 2.0%, coupled with a return on assets of 1.5 has resulted in Excellent (8.4) profitability.
Other Rating Factors:
Excellent current capitalization (8.1 on a scale of 0 to 10) based on a risk-based capital ratio of 30.0 and a capital leverage ratio of 9.7. Good liquidity 6.5, driven by a liquidity ratio of 79.8 percent and a “hot money” ratio of 7.7 percent.
Asset Mix:
Securities (48%), cash (29%), home mtgs (7%), comm re (6%), comm loans (2%), home eq lns (1%), consumer loans (1%), other (7%)
States with Branches:
FL
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
Heartland Bancshares, Inc.
Investment Rating
--
Address
320 U.S. Highway 27 North
Sebring, FL 33870
Sebring, FL 33870
Phone Number
(863) 386-1300
Year Founded
1999
FDIC Number
Website
Largest Affiliates
No affiliate information available.