Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 18.4 and a capital leverage ratio of 11.0. 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 (9.2 on a scale of 0 to 10). A current level of 0.0 percent of nonperforming loans to core capital combined with 0.0 percent from a year earlier contributes to the Excellent asset quality (8.1).
Asset Mix: Securities (21%), cash (18%), comm re (13%), consumer loans (5%), home mtgs (3%), comm loans (1%), home eq lns (1%), other (38%)
States with Branches: CO, IL, NC, NJ, SC, VA, WY