Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 21.1 and a capital leverage ratio of 14.2. Operating profits as a percentage of assets at 2.8%, coupled with a return on assets of 2.1 has resulted in Excellent (9.5) 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 (9.1 on a scale of 0 to 10). A current level of 0.1 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.2).
Asset Mix: Securities (27%), cash (22%), comm re (18%), consumer loans (6%), home mtgs (3%), home eq lns (2%), comm loans (1%), other (21%)
States with Branches: CO, IL, NC, NJ, SC, VA, WY