Major Rating Factors:
An analysis of stability tests since inception including evaluations of capital adequacy, asset growth, and profitability lead to a Very Weak overall stability index (0.0). Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.4 has resulted in Weak (2.4) profitability.
Other Rating Factors:
Fair liquidity 3.0, driven by a liquidity ratio of 37.1 percent and a “hot money” ratio of 4.0 percent. A current level of 0.0 percent of nonperforming loans to core capital combined with 0.0 percent from a year earlier contributes to the Excellent asset quality (8.6).
Asset Mix:
Comm re (31%), securities (14%), cash (11%), home mtgs (9%), comm loans (5%), consumer loans (3%), home eq lns (2%), other (25%)
States with Branches:
FL
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
Cypress Capital Group, Inc.
Investment Rating
--
Address
6115 North Wickham Road
Melbourne, FL 32940
Melbourne, FL 32940
Phone Number
(321) 306-4100
Year Founded
2021
FDIC Number
Website
Largest Affiliates
No affiliate information available.