Major Rating Factors: A current level of 3.8 percent of nonperforming loans to core capital combined with 4.4 percent from a year earlier contributes to the Excellent asset quality (7.1). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (7.0 on a scale of 0 to 10).
Other Rating Factors: Good current capitalization (6.9 on a scale of 0 to 10) based on a risk-based capital ratio of 15.6 and a capital leverage ratio of 8.9. Good liquidity 5.9, driven by a liquidity ratio of 46.3 percent and a “hot money” ratio of 2.9 percent.
Asset Mix: Securities (27%), cash (19%), comm loans (9%), consumer loans (9%), home mtgs (5%), comm re (1%), other (30%)
States with Branches: CA, CT, DC, DE, FL, IL, MD, NJ, NV, NY, PR, SD, TX, VA