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 (8.1 on a scale of 0 to 10). Excellent current capitalization (7.1 on a scale of 0 to 10) based on a risk-based capital ratio of 12.7 and a capital leverage ratio of 9.1.
Other Rating Factors:
A current level of 4.3 percent of nonperforming loans to core capital combined with 5.0 percent from a year earlier contributes to the Good asset quality (5.2). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.1 has resulted in Good (5.2) profitability.
Asset Mix:
Consumer loans (25%), comm re (17%), home mtgs (14%), securities (9%), cash (8%), comm loans (5%), home eq lns (1%), other (21%)
States with Branches:
SC
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
Anderson Bancshares, Inc.
Investment Rating
--
Address
101 North Main Street
Mullins, SC 29574
Mullins, SC 29574
Phone Number
(843) 464-6271
Year Founded
1933
FDIC Number
Website
Largest Affiliates
No affiliate information available.