Major Rating Factors:
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). Operating profits as a percentage of assets at 1.9%, coupled with a return on assets of 1.4 has resulted in Excellent (7.0) profitability.
Other Rating Factors:
Very Weak liquidity 0.7, driven by a liquidity ratio of 21.8 percent and a “hot money” ratio of 26.4 percent. A current level of 0.0 percent of nonperforming loans to core capital combined with 0.0 percent from a year earlier contributes to the Excellent asset quality (8.8).
Asset Mix:
Comm re (30%), securities (15%), home eq lns (12%), home mtgs (11%), comm loans (5%), cash (3%), consumer loans (1%), other (23%)
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
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Address
312 North Charlotte Avenue
Monroe, NC 28112
Monroe, NC 28112
Phone Number
(704) 220-6922
Year Founded
2019
FDIC Number
Website
Largest Affiliates
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