Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (5.0 on a scale of 0 to 10). A current level of 5.9 percent of nonperforming loans to core capital combined with 1.3 percent from a year earlier contributes to the Good asset quality (5.1).
Other Rating Factors:
Excellent current capitalization (8.5 on a scale of 0 to 10) based on a risk-based capital ratio of 12.9 and a capital leverage ratio of 10.0. Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.3 has resulted in Good (5.6) profitability.
Asset Mix:
Comm re (42%), comm loans (13%), home mtgs (9%), securities (8%), consumer loans (5%), cash (4%), 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.