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 0.3%, coupled with a return on assets of 0.2 has resulted in Weak (1.5) profitability.
Other Rating Factors:
Weak liquidity 2.0, driven by a liquidity ratio of 40.4 percent and a “hot money” ratio of 45.9 percent. A current level of 0.0 percent of nonperforming loans to core capital combined with 0.0 percent from a year earlier contributes to the Excellent asset quality (9.6).
Asset Mix:
Cash (35%), home mtgs (29%), comm re (20%), home eq lns (12%), comm loans (4%), other (1%)
States with Branches:
CA