Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.2 on a scale of 0 to 10). A current level of 15.6 percent of nonperforming loans to core capital combined with 13.9 percent from a year earlier contributes to the Good asset quality (6.0).
Other Rating Factors:
Good current capitalization (5.7 on a scale of 0 to 10) based on a net capital to total assets of 8.1 and a net worth ratio of 9.7. Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 0.7 has resulted in Good (5.2) profitability.
Asset Mix:
Home mtgs (45%), consumer loans (14%), other (42%)
Corporate Info
119 North Salisbury Street
Raleigh, NC 27603
Raleigh, NC 27603
(888) 732-8562
Largest Competitors
Raleigh, NC
Raleigh, NC
Raleigh, NC
Raleigh, NC