Major Rating Factors:
Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.8 has resulted in Weak (2.9) profitability. A current level of 13.1 percent of nonperforming loans to core capital combined with 3.9 percent from a year earlier contributes to the Fair asset quality (3.5).
Other Rating Factors:
Weak liquidity 2.3, driven by a liquidity ratio of 18.3 percent and a “hot money” ratio of 11.9 percent. Good current capitalization (6.4 on a scale of 0 to 10) based on a risk-based capital ratio of 11.0 and a capital leverage ratio of 8.5.
Asset Mix:
Comm re (22%), securities (19%), comm loans (16%), consumer loans (16%), home mtgs (14%), home eq lns (5%), cash (4%), other (3%)
States with Branches:
NY
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
Grasshopper Bancorp, Inc.
Investment Rating
--
Address
261 5th Ave
New York, NY 10016
New York, NY 10016
Phone Number
(917) 830-2100
Year Founded
2019
FDIC Number
Website
Largest Affiliates
No affiliate information available.