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 1.0%, coupled with a return on assets of 0.8 has resulted in Fair (4.0) profitability.
Other Rating Factors:
Very Weak liquidity 0.6, driven by a liquidity ratio of 11.4 percent and a “hot money” ratio of 14.1 percent. A current level of 2.7 percent of nonperforming loans to core capital contributes to the Good asset quality (7.0).
Asset Mix:
Comm re (29%), home mtgs (18%), consumer loans (11%), comm loans (8%), securities (8%), cash (3%), home eq lns (3%), other (20%)
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.