Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 15.9 and a capital leverage ratio of 11.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (10.0 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 2.0 has resulted in Excellent (10.0) profitability. A current level of 0.0 percent of nonperforming loans to core capital combined with 1.9 percent from a year earlier contributes to the Excellent asset quality (8.2).
Asset Mix: Comm loans (36%), cash (13%), securities (13%), comm re (4%), home mtgs (4%), consumer loans (1%), other (30%)
States with Branches: FL, NY