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 (8.4 on a scale of 0 to 10). Good current capitalization (5.9 on a scale of 0 to 10) based on a risk-based capital ratio of 12.9 and a capital leverage ratio of 8.6.
Other Rating Factors: Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.2 has resulted in Good (5.3) profitability. A current level of 7.1 percent of nonperforming loans to core capital combined with 6.9 percent from a year earlier contributes to the Fair asset quality (4.8).
Asset Mix: Comm loans (23%), securities (23%), home mtgs (10%), cash (8%), comm re (5%), consumer loans (5%), home eq lns (4%), other (23%)
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