Major Rating Factors:
Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.7 has resulted in Fair (3.8) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.2 on a scale of 0 to 10).
Other Rating Factors:
Weak liquidity 1.3, driven by a liquidity ratio of 18.4 percent and a “hot money” ratio of 13.6 percent. A current level of 1.5 percent of nonperforming loans to core capital contributes to the Good asset quality (6.9).
Asset Mix:
Comm re (28%), home mtgs (17%), cash (9%), securities (9%), consumer loans (8%), comm loans (8%), home eq lns (3%), other (18%)
States with Branches:
FL
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
Gulf Atlantic Financial Corporation
Investment Rating
--
Address
2222 North Roosevelt Boulevard
Key West, FL 33040
Key West, FL 33040
Phone Number
(305) 394-5100
Year Founded
2020
FDIC Number
Website
Largest Affiliates
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