Major Rating Factors:
An analysis of stability tests since inception including evaluations of capital adequacy, asset growth, and profitability lead to a Very Weak overall stability index (0.0). Operating profits as a percentage of assets at 0.1%, coupled with a return on assets of 0.0 has resulted in Very Weak (0.7) profitability.
Other Rating Factors:
Very Weak liquidity 0.6, driven by a liquidity ratio of 34.3 percent and a “hot money” ratio of 26.0 percent. A current level of 27.1 percent of nonperforming loans to core capital combined with 22.6 percent from a year earlier contributes to the Weak asset quality (2.2).
Asset Mix:
Comm loans (35%), securities (22%), comm re (16%), cash (2%), home mtgs (1%), other (24%)
States with Branches:
NH
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
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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
Investment Rating
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Address
66 North Main Street
Concord, NH 03301
Concord, NH 03301
Phone Number
Year Founded
2022
FDIC Number
Website
Largest Affiliates
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