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 (7.8 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.8%, coupled with a return on assets of 1.5 has resulted in Good (5.9) profitability.
Other Rating Factors: Good liquidity 6.8, driven by a liquidity ratio of 45.0 percent and a “hot money” ratio of 1.9 percent. Good current capitalization (5.6 on a scale of 0 to 10) based on a risk-based capital ratio of 12.9 and a capital leverage ratio of 7.6.
Asset Mix: Consumer loans (24%), securities (23%), cash (21%), comm loans (8%), comm re (5%), other (19%)
States with Branches: DC, DE, LA, MD, NJ, NY, TX, VA