Major Rating Factors:
Excellent current capitalization (9.2 on a scale of 0 to 10) based on a risk-based capital ratio of 12.6 and a capital leverage ratio of 10.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.2 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.3 has resulted in Good (5.3) profitability. A current level of 4.7 percent of nonperforming loans to core capital combined with 2.7 percent from a year earlier contributes to the Good asset quality (5.2).
Asset Mix:
Comm re (36%), comm loans (26%), securities (15%), home mtgs (3%), cash (3%), home eq lns (1%), consumer loans (0%), other (15%)
States with Branches:
MI, OH
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
Waterford Bancorp, Inc.
Investment Rating
--
Address
3900 North McCord Road
Toledo, OH 43617
Toledo, OH 43617
Phone Number
(419) 720-3900
Year Founded
2007
FDIC Number
Website
Largest Affiliates
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