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 (8.1 on a scale of 0 to 10). A current level of 3.5 percent of nonperforming loans to core capital combined with 3.9 percent from a year earlier contributes to the Excellent asset quality (7.3).
Other Rating Factors: Good current capitalization (7.0 on a scale of 0 to 10) based on a risk-based capital ratio of 15.7 and a capital leverage ratio of 9.0. Good liquidity 5.7, driven by a liquidity ratio of 46.2 percent and a “hot money” ratio of 4.5 percent.
Asset Mix: Securities (27%), cash (16%), consumer loans (9%), comm loans (9%), home mtgs (5%), comm re (1%), other (33%)
States with Branches: CA, CT, DC, DE, FL, IL, MD, NJ, NV, NY, PR, SD, TX, VA