Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 14.6 and a net worth ratio of 15.1. A current level of 1.2 percent of nonperforming loans to core capital 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 (9.9 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.5 has resulted in Excellent (8.9) profitability.
Asset Mix: Consumer loans (35%), home mtgs (15%), securities (1%), other (50%)