Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 18.6 and a capital leverage ratio of 12.0. Operating profits as a percentage of assets at 3.5%, coupled with a return on assets of 2.6 has resulted in Excellent (10.0) profitability.
Other 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 (9.4 on a scale of 0 to 10). A current level of 0.0 percent of nonperforming loans to core capital combined with 0.5 percent from a year earlier contributes to the Excellent asset quality (8.1).
Asset Mix: Securities (18%), cash (17%), comm re (14%), consumer loans (5%), home mtgs (3%), comm loans (2%), home eq lns (1%), other (39%)
States with Branches: CO, IL, NC, NJ, SC, VA, WY