Major Rating Factors:
Excellent current capitalization (8.6 on a scale of 0 to 10) based on a net capital to total assets of 10.6 and a net worth ratio of 10.7. A current level of 6.8 percent of nonperforming loans to core capital contributes to the Excellent asset quality (7.6).
Other Rating Factors:
Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.1 has resulted in Excellent (7.1) profitability. Good liquidity 6.0, driven by a liquidity ratio of 43.7 percent and a “hot money” ratio of 4.5 percent.
Asset Mix:
Home mtgs (16%), consumer loans (13%), comm loans (4%), other (67%)
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
2200 West Main Street
Durham, NC 27705
Durham, NC 27705
Phone Number
(919) 684-6704
NCUA Charter Number
Website
Largest Competitors
Raleigh, NC
Durham, NC
Durham, NC
Durham, NC
Durham, NC