Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 11.6 and a net worth ratio of 11.7. A current level of 0.8 percent of nonperforming loans to core capital combined with 1.5 percent from a year earlier contributes to the Excellent asset quality (10.0).
Other 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 (7.4 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.9 has resulted in Good (5.7) profitability.
Asset Mix:
Securities (41%), consumer loans (21%), home mtgs (2%), other (37%)
Corporate Info
306 South Palm Avenue
Palatka, FL 32177
Palatka, FL 32177
(386) 328-5555
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