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 (8.5 on a scale of 0 to 10). Good current capitalization (6.1 on a scale of 0 to 10) based on a risk-based capital ratio of 13.1 and a capital leverage ratio of 8.1.
Other Rating Factors: Good liquidity 6.8, driven by a liquidity ratio of 41.0 percent and a “hot money” ratio of 0.9 percent. Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.2 has resulted in Good (5.5) profitability.
Asset Mix: Securities (24%), comm loans (20%), cash (16%), home mtgs (8%), consumer loans (6%), comm re (5%), home eq lns (3%), other (20%)
States with Branches: AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NM, NY, OH, PA, SC, TN, TX, VA, WI, WV