Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Very Weak overall stability index (0.0 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 0.9 has resulted in Fair (3.3) profitability.
Other Rating Factors:
Weak liquidity 1.5, driven by a liquidity ratio of 18.8 percent and a “hot money” ratio of 8.9 percent. Excellent current capitalization (7.0 on a scale of 0 to 10) based on a risk-based capital ratio of 12.1 and a capital leverage ratio of 9.0.
Asset Mix:
Comm re (29%), home mtgs (21%), securities (11%), consumer loans (7%), comm loans (6%), cash (6%), home eq lns (1%), other (19%)
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
No affiliate information available.