Major Rating Factors: 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). A current level of 9.6 percent of nonperforming loans to core capital contributes to the Good asset quality (6.9).
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 (6.6) profitability. Good liquidity 5.5, driven by a liquidity ratio of 25.1 percent and a “hot money” ratio of 4.4 percent.
Asset Mix: Home mtgs (39%), consumer loans (11%), securities (0%), other (50%)