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 (7.4 on a scale of 0 to 10). A current level of 3.7 percent of nonperforming loans to core capital combined with 3.6 percent from a year earlier contributes to the Good asset quality (6.6).
Other Rating Factors: Excellent liquidity 7.5, driven by a liquidity ratio of 54.8 percent and a “hot money” ratio of 1.1 percent. Good current capitalization (5.6 on a scale of 0 to 10) based on a risk-based capital ratio of 14.4 and a capital leverage ratio of 7.6.
Asset Mix: Securities (37%), cash (13%), comm loans (12%), home mtgs (8%), consumer loans (7%), comm re (2%), home eq lns (1%), other (20%)
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