Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.7 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.2 has resulted in Very Weak (0.8) profitability.
Other Rating Factors:
Excellent current capitalization (7.1 on a scale of 0 to 10) and a capital leverage ratio of 9.1. A current level of 2.6 percent of nonperforming loans to core capital combined with 3.3 percent from a year earlier contributes to the Good asset quality (6.2).
Asset Mix:
Home mtgs (37%), cash (14%), home eq lns (10%), comm re (8%), consumer loans (4%), securities (2%), comm loans (1%), other (22%)
States with Branches:
TN
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
Townsend Financial Corporation
Investment Rating
--
Address
29 East Main Street
Parsons, TN 38363
Parsons, TN 38363
Phone Number
(731) 847-3621
Year Founded
1907
FDIC Number
Website
Largest Affiliates
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