Major Rating Factors:
A current level of 0.5 percent of nonperforming loans to core capital combined with 0.7 percent from a year earlier contributes to the Excellent asset quality (9.5). Excellent current capitalization (8.5 on a scale of 0 to 10) and a capital leverage ratio of 10.0.
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.2 on a scale of 0 to 10). Fair liquidity 3.5, driven by a liquidity ratio of 36.9 percent and a “hot money” ratio of 13.1 percent.
Asset Mix:
Home mtgs (34%), securities (20%), comm re (18%), cash (13%), home eq lns (5%), comm loans (4%), other (5%)
States with Branches:
NJ
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Absecon Bancorp
Investment Rating
Address
106 New Jersey Avenue
Absecon, NJ 08201
Absecon, NJ 08201
Phone Number
(609) 641-6300
Year Founded
1916
FDIC Number
Website
Largest Affiliates
No affiliate information available.