Major Rating Factors:
Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.5 has resulted in Weak (2.9) profitability. A current level of 20.2 percent of nonperforming loans to core capital combined with 33.2 percent from a year earlier contributes to the Weak asset quality (2.2).
Other Rating Factors:
Excellent current capitalization (7.1 on a scale of 0 to 10) based on a risk-based capital ratio of 11.7 and a capital leverage ratio of 9.0. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.0 on a scale of 0 to 10).
Asset Mix:
Comm re (22%), home mtgs (18%), comm loans (12%), securities (11%), cash (10%), consumer loans (6%), home eq lns (1%), other (20%)
States with Branches:
KY
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
Hazard Bancorp
Investment Rating
--
Address
524 Main Street
Hazard, KY 41701
Hazard, KY 41701
Phone Number
(866) 435-2161
Year Founded
1923
FDIC Number
Website
Largest Affiliates
No affiliate information available.