Major Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.5 on a scale of 0 to 10). A current level of 3.7 percent of nonperforming loans to core capital combined with 4.9 percent from a year earlier contributes to the Good asset quality (6.8).
Other Rating Factors: Excellent liquidity 7.0, driven by a liquidity ratio of 63.7 percent and a “hot money” ratio of 2.6 percent. Good current capitalization (6.0 on a scale of 0 to 10) based on a risk-based capital ratio of 17.8 and a capital leverage ratio of 8.0.
Asset Mix: Cash (22%), securities (20%), home mtgs (7%), consumer loans (7%), comm loans (6%), comm re (1%), home eq lns (1%), other (36%)
States with Branches: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI