Major Rating Factors:
Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.2 has resulted in Fair (4.3) profitability. A current level of 0.9 percent of nonperforming loans to core capital combined with 1.6 percent from a year earlier contributes to the Good asset quality (5.8).
Other Rating Factors:
Fair liquidity 4.7, driven by a liquidity ratio of 41.3 percent and a “hot money” ratio of 2.1 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.1 on a scale of 0 to 10).
Asset Mix:
Consumer loans (53%), securities (42%), cash (1%), comm loans (0%), other (3%)
States with Branches:
UT
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
Nelnet, Inc.
Investment Rating
--
Address
13907 South Minuteman Drive
Draper, UT 84020
Draper, UT 84020
Phone Number
(800) 511-6452
Year Founded
2020
FDIC Number
Website
Largest Affiliates
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