Major Rating Factors:
Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.6 has resulted in Very Weak (0.4) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.0 on a scale of 0 to 10).
Other Rating Factors:
A current level of 0.0 percent of nonperforming loans to core capital combined with 8.0 percent from a year earlier contributes to the Excellent asset quality (8.6). Excellent current capitalization (7.9 on a scale of 0 to 10) and a capital leverage ratio of 9.6.
Asset Mix:
Home mtgs (39%), securities (12%), comm re (8%), cash (8%), consumer loans (6%), home eq lns (5%), comm loans (2%), other (19%)
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
No affiliate information available.