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 (7.4 on a scale of 0 to 10). A current level of 3.7 percent of nonperforming loans to core capital combined with 4.6 percent from a year earlier contributes to the Excellent asset quality (7.0).
Other Rating Factors: Good current capitalization (6.8 on a scale of 0 to 10) based on a risk-based capital ratio of 16.4 and a capital leverage ratio of 8.8. Good liquidity 5.9, driven by a liquidity ratio of 45.0 percent and a “hot money” ratio of 2.4 percent.
Asset Mix: Securities (28%), cash (15%), consumer loans (10%), comm loans (9%), home mtgs (5%), comm re (1%), other (32%)
States with Branches: CA, CT, DC, DE, FL, IL, MD, NJ, NV, NY, PR, SD, TX, VA