Major Rating Factors:
Operating profits as a percentage of assets at 1.7%, coupled with a return on assets of 1.3 has resulted in Fair (4.7) profitability. A current level of 3.2 percent of nonperforming loans to core capital combined with 1.1 percent from a year earlier contributes to the Good asset quality (5.8).
Other Rating Factors:
Excellent current capitalization (8.4 on a scale of 0 to 10) based on a risk-based capital ratio of 12.7 and a capital leverage ratio of 10.0. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.1 on a scale of 0 to 10).
Asset Mix:
Comm re (40%), comm loans (13%), home mtgs (10%), securities (8%), consumer loans (6%), cash (5%), home eq lns (2%), other (17%)
States with Branches:
NC, SC, TN
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
Investment Rating
--
Address
5401 Six Forks Road
Raleigh, NC 27609
Raleigh, NC 27609
Phone Number
(833) 349-3226
Year Founded
2001
FDIC Number
Website
Largest Affiliates
No affiliate information available.