Major Rating Factors: A current level of 2.2 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.8). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.6 on a scale of 0 to 10).
Other Rating Factors: Good current capitalization (6.0 on a scale of 0 to 10) based on a net capital to total assets of 8.0 and a net worth ratio of 9.4. Fair liquidity 4.8, driven by a liquidity ratio of 23.6 percent and a “hot money” ratio of 5.6 percent.
Asset Mix: Home mtgs (26%), consumer loans (25%), securities (3%), other (47%)