Major Rating Factors:
A current level of 1.5 percent of nonperforming loans to core capital combined with 2.2 percent from a year earlier contributes to the Excellent asset quality (8.6). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.5 on a scale of 0 to 10).
Other Rating Factors:
Good current capitalization (6.5 on a scale of 0 to 10) based on a risk-based capital ratio of 12.1 and a capital leverage ratio of 8.5. Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.8 has resulted in Fair (4.0) profitability.
Asset Mix:
Comm re (32%), home mtgs (23%), cash (12%), comm loans (9%), securities (3%), home eq lns (3%), consumer loans (0%), other (18%)
States with Branches:
NC
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
North State Bancorp
Investment Rating
--
Address
6204 Falls of Neuse Road
Raleigh, NC 27609
Raleigh, NC 27609
Phone Number
(919) 719-9400
Year Founded
2000
FDIC Number
Website
Largest Affiliates
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