Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 16.7. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (10.0 on a scale of 0 to 10).
Other Rating Factors: Operating profits as a percentage of assets at 2.8%, coupled with a return on assets of 2.3 has resulted in Excellent (9.8) profitability. A current level of 0.6 percent of nonperforming loans to core capital combined with 1.6 percent from a year earlier contributes to the Excellent asset quality (8.9).
Asset Mix: Securities (51%), comm re (17%), home mtgs (9%), comm loans (6%), consumer loans (4%), cash (3%), home eq lns (1%), other (9%)
States with Branches: TN