Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.5 on a scale of 0 to 10). Fair current capitalization (3.2 on a scale of 0 to 10) based on a net capital to total assets of 5.4 and a net worth ratio of 8.4.
Other Rating Factors:
A current level of 10.5 percent of nonperforming loans to core capital combined with 8.1 percent from a year earlier contributes to the Good asset quality (6.4). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 0.1 has resulted in Weak (2.5) profitability.
Asset Mix:
Consumer loans (38%), home mtgs (16%), other (46%)
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
Address
155 Washington Avenue
Bremerton, WA 98337
Bremerton, WA 98337
Phone Number
(360) 662-2000
NCUA Charter Number
Website
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