Major Rating Factors:
Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.2 has resulted in Fair (4.9) profitability. A current level of 9.6 percent of nonperforming loans to core capital combined with 13.2 percent from a year earlier contributes to the Fair asset quality (4.6).
Other Rating Factors:
Excellent current capitalization (7.8 on a scale of 0 to 10) based on a risk-based capital ratio of 12.4 and a capital leverage ratio of 9.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10).
Asset Mix:
Home mtgs (32%), comm re (21%), comm loans (9%), securities (6%), home eq lns (5%), cash (1%), consumer loans (1%), other (25%)
States with Branches:
NC, VA
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
Select Bank Financial Corporation
Investment Rating
--
Address
211 Gristmill Drive
Forest, VA 24551
Forest, VA 24551
Phone Number
(434) 455-1700
Year Founded
2007
FDIC Number
Website
Largest Affiliates
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