Major Rating Factors: A current level of 0.2 percent of nonperforming loans to core capital combined with 0.2 percent from a year earlier contributes to the Excellent asset quality (10.0). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Other Rating Factors: Excellent liquidity 8.1, driven by a liquidity ratio of 83.2 percent and a “hot money” ratio of 0.0 percent. Good current capitalization (5.1 on a scale of 0 to 10) based on a risk-based capital ratio of 26.2 and a capital leverage ratio of 7.1.
Asset Mix: Securities (86%), home mtgs (5%), cash (5%), consumer loans (2%), comm loans (1%), other (2%)
States with Branches: NM, NY, TX