Major 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 (9.0 on a scale of 0 to 10). A current level of 3.7 percent of nonperforming loans to core capital combined with 3.3 percent from a year earlier contributes to the Good asset quality (6.2).
Other Rating Factors: Excellent liquidity 7.4, driven by a liquidity ratio of 51.3 percent and a “hot money” ratio of 1.2 percent. Good current capitalization (5.6 on a scale of 0 to 10) based on a risk-based capital ratio of 14.0 and a capital leverage ratio of 7.6.
Asset Mix: Securities (33%), comm loans (14%), home mtgs (9%), consumer loans (7%), cash (7%), comm re (2%), home eq lns (1%), other (27%)
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, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA