Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 11.2 and a net worth ratio of 11.2. A current level of 3.0 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.5).
Other 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 (9.4 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Excellent (8.5) profitability.
Asset Mix: Consumer loans (23%), home mtgs (18%), securities (1%), other (57%)