Major Rating Factors:
Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.5 has resulted in Weak (2.2) profitability. A current level of 1.6 percent of nonperforming loans to core capital combined with 1.7 percent from a year earlier contributes to the Good asset quality (5.8).
Other Rating Factors:
Good liquidity 5.5, driven by a liquidity ratio of 53.4 percent and a “hot money” ratio of 4.0 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.0 on a scale of 0 to 10).
Asset Mix:
Securities (52%), consumer loans (46%), cash (1%), other (1%)
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
No affiliate information available.