Major Rating Factors:
Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.1 has resulted in Fair (4.8) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.3 on a scale of 0 to 10).
Other Rating Factors:
A current level of 3.2 percent of nonperforming loans to core capital combined with 2.3 percent from a year earlier contributes to the Good asset quality (7.0). Good current capitalization (6.0 on a scale of 0 to 10) based on a risk-based capital ratio of 13.7 and a capital leverage ratio of 8.2.
Asset Mix:
Home mtgs (36%), securities (18%), comm re (17%), cash (6%), comm loans (3%), home eq lns (3%), consumer loans (1%), other (15%)
States with Branches:
NC
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
120 Siler Road
Franklin, NC 28734
Franklin, NC 28734
Phone Number
(828) 369-2265
Year Founded
2004
FDIC Number
Website
Largest Affiliates
No affiliate information available.