Major Rating Factors:
A current level of 2.0 percent of nonperforming loans to core capital combined with 1.4 percent from a year earlier contributes to the Excellent asset quality (10.0). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.5 on a scale of 0 to 10).
Other Rating Factors:
Good current capitalization (5.6 on a scale of 0 to 10) based on a net capital to total assets of 7.9 and a net worth ratio of 10.9. Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.7 has resulted in Good (5.5) profitability.
Asset Mix:
Home mtgs (22%), consumer loans (19%), other (59%)
Largest Competitors
Liberty Lake, WA
Richland, WA
Olympia, WA
Lacey, WA
Spokane, WA