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 (8.3 on a scale of 0 to 10). Good current capitalization (5.8 on a scale of 0 to 10) based on a risk-based capital ratio of 12.6 and a capital leverage ratio of 7.8.
Other Rating Factors: Good liquidity 6.5, driven by a liquidity ratio of 34.9 percent and a “hot money” ratio of 0.9 percent. A current level of 7.5 percent of nonperforming loans to core capital combined with 6.2 percent from a year earlier contributes to the Fair asset quality (5.0).
Asset Mix: Securities (25%), comm loans (21%), cash (11%), home mtgs (9%), 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