Major Rating Factors:
Excellent current capitalization (7.9 on a scale of 0 to 10) based on a net capital to total assets of 10.1 and a net worth ratio of 0.0. Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 0.7 has resulted in Good (6.7) profitability.
Other Rating Factors:
A current level of 8.4 percent of nonperforming loans to core capital contributes to the Good asset quality (6.3). Good liquidity 5.2, driven by a liquidity ratio of 31.5 percent and a “hot money” ratio of 12.0 percent.
Asset Mix:
Consumer loans (38%), home mtgs (15%), other (47%)
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
2302 Church Street
Galveston, TX 77550
Galveston, TX 77550
Phone Number
(409) 765-6067
NCUA Charter Number
Largest Competitors
Live Oak, TX
San Antonio, TX
Fort Worth, TX
Lake Jackson, TX
Galveston, TX