Major Rating Factors: A current level of 5.4 percent of nonperforming loans to core capital contributes to the Excellent asset quality (7.6). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.9 on a scale of 0 to 10).
Other Rating Factors: Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Good (6.5) profitability. Good liquidity 6.0, driven by a liquidity ratio of 32.2 percent and a “hot money” ratio of 4.5 percent.
Asset Mix: Home mtgs (37%), consumer loans (11%), securities (0%), other (52%)