Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 12.5. A current level of 6.4 percent of nonperforming loans to core capital combined with 5.9 percent from a year earlier contributes to the Good asset quality (6.4).
Other 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 (4.9 on a scale of 0 to 10). Fair liquidity 4.3, driven by a liquidity ratio of 50.8 percent and a “hot money” ratio of 31.2 percent.
Asset Mix:
Securities (46%), home mtgs (15%), comm re (10%), comm loans (7%), consumer loans (6%), cash (3%), home eq lns (1%), other (12%)
States with Branches:
VA
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
307 Thacker Avenue
Covington, VA 24426
Covington, VA 24426
Phone Number
(540) 962-2265
Year Founded
2001
FDIC Number
Website
Largest Affiliates
No affiliate information available.