Major Rating Factors:
Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.2 has resulted in Fair (5.0) profitability. Very Weak current capitalization (0.8 on a scale of 0 to 10) based on a risk-based capital ratio of 14.5 and a capital leverage ratio of 7.6.
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 4.2 percent of nonperforming loans to core capital combined with 3.0 percent from a year earlier contributes to the Good asset quality (5.6).
Asset Mix:
Securities (29%), cash (13%), comm loans (13%), home mtgs (9%), consumer loans (7%), comm re (2%), home eq lns (1%), other (26%)
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
Corporate Info
Bank of America Corporation
100 North Tryon Street
Charlotte, NC 28255
Charlotte, NC 28255
(704) 386-5681
1904
Largest Affiliates
San Francisco, CA
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Bank