Major Rating Factors:
A current level of 5.5 percent of nonperforming loans to core capital combined with 17.6 percent from a year earlier contributes to the Good asset quality (5.2). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.0 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 2.6%, coupled with a return on assets of 1.9 has resulted in Excellent (10.0) profitability. Excellent current capitalization (8.4 on a scale of 0 to 10) based on a risk-based capital ratio of 13.9 and a capital leverage ratio of 9.9.
Asset Mix:
Home mtgs (35%), comm re (27%), comm loans (8%), cash (7%), home eq lns (7%), securities (3%), consumer loans (1%), other (12%)
States with Branches:
FL
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
2475 Library Way
Sanibel, FL 33957
Sanibel, FL 33957
Phone Number
(239) 472-6100
Year Founded
2003
FDIC Number
Website
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