Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 11.5 and a net worth ratio of 11.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.7 on a scale of 0 to 10).
Other Rating Factors: A current level of 3.5 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.1). Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.2 has resulted in Excellent (8.4) profitability.
Asset Mix: Consumer loans (25%), home mtgs (19%), securities (1%), other (55%)