Major Rating Factors: Very Weak current capitalization (0.0 on a scale of 0 to 10) based on a net capital to total assets of 1.5 and a net worth ratio of 9.0. Operating profits as a percentage of assets at 0.2%, coupled with a return on assets of 0.2 has resulted in Weak (2.6) profitability.
Other 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 (3.3 on a scale of 0 to 10). Good liquidity 5.3, driven by a liquidity ratio of 18.3 percent and a “hot money” ratio of 2.0 percent.
Asset Mix: Consumer loans (30%), home mtgs (8%), other (62%)