Thread Bank
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.8 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 1.0 has resulted in Weak (2.7) profitability.
Other Rating Factors:
A current level of 2.3 percent of nonperforming loans to core capital combined with 1.8 percent from a year earlier contributes to the Excellent asset quality (7.6). Excellent current capitalization (7.5 on a scale of 0 to 10) based on a risk-based capital ratio of 22.0 and a capital leverage ratio of 9.4.
Asset Mix:
Securities (36%), cash (17%), home mtgs (12%), comm loans (12%), consumer loans (8%), comm re (7%), other (8%)
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
Thread Bancorp Inc.
Investment Rating
--
Address
210 East Main Street
Rogersville, TN 37857
Rogersville, TN 37857
Phone Number
(423) 272-2200
Year Founded
1906
FDIC Number
Website
Largest Affiliates
No affiliate information available.