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 (8.8 on a scale of 0 to 10). Operating profits as a percentage of assets at 2.0%, coupled with a return on assets of 1.6 has resulted in Excellent (7.2) profitability.
Other Rating Factors: A current level of 3.3 percent of nonperforming loans to core capital combined with 3.2 percent from a year earlier contributes to the Good asset quality (7.0). Good current capitalization (6.0 on a scale of 0 to 10) based on a risk-based capital ratio of 18.5 and a capital leverage ratio of 8.5.
Asset Mix: Securities (16%), cash (15%), home mtgs (9%), consumer loans (8%), comm loans (6%), comm re (2%), other (44%)
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