Major Rating Factors: Very Weak current capitalization (0.4 on a scale of 0 to 10) based on a risk-based capital ratio of 14.4 and a capital leverage ratio of 7.7. Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.3 has resulted in Good (5.4) profitability.
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.8 on a scale of 0 to 10). A current level of 3.6 percent of nonperforming loans to core capital combined with 2.9 percent from a year earlier contributes to the Good asset quality (5.8).
Asset Mix: Securities (25%), cash (14%), comm loans (13%), home mtgs (9%), consumer loans (8%), comm re (2%), home eq lns (1%), other (28%)
States with Branches: AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA