Major Rating Factors: 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). Good current capitalization (6.0 on a scale of 0 to 10) based on a risk-based capital ratio of 12.0 and a capital leverage ratio of 8.0.
Other Rating Factors: Good liquidity 6.1, driven by a liquidity ratio of 33.0 percent and a “hot money” ratio of 1.5 percent. A current level of 3.4 percent of nonperforming loans to core capital combined with 2.6 percent from a year earlier contributes to the Good asset quality (5.7).
Asset Mix: Securities (29%), comm loans (13%), consumer loans (10%), home mtgs (10%), comm re (8%), cash (4%), home eq lns (2%), other (24%)
States with Branches: AL, AR, DC, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV