Major Rating Factors:
A current level of 9.2 percent of nonperforming loans to core capital combined with 10.3 percent from a year earlier contributes to the Fair asset quality (3.6). Operating profits as a percentage of assets at 0.0%, coupled with a return on assets of 0.0 has resulted in Very Weak (0.2) profitability.
Other Rating Factors:
Excellent current capitalization (9.1 on a scale of 0 to 10) based on a risk-based capital ratio of 15.9 and a capital leverage ratio of 10.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.4 on a scale of 0 to 10).
Asset Mix:
Home eq lns (27%), consumer loans (20%), cash (10%), home mtgs (8%), comm loans (6%), comm re (5%), securities (4%), other (20%)
States with Branches:
WA
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
Seattle Bancshares, Inc.
Investment Rating
--
Address
401 Union Street
Seattle, WA 98101
Seattle, WA 98101
Phone Number
(206) 281-1500
Year Founded
1999
FDIC Number
Website
Largest Affiliates
No affiliate information available.