Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Very Weak overall stability index (0.3 on a scale of 0 to 10). Very Weak current capitalization (0.9 on a scale of 0 to 10) based on a net capital to total assets of 4.3 and a net worth ratio of 4.8.
Other Rating Factors:
Weak liquidity 2.1, driven by a liquidity ratio of 7.8 percent and a “hot money” ratio of 10.7 percent. A current level of 16.4 percent of nonperforming loans to core capital contributes to the Fair asset quality (3.6).
Asset Mix:
Consumer loans (63%), home mtgs (6%), other (31%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
850 Harrison Road
Salisbury, NC 28147
Salisbury, NC 28147
Phone Number
(704) 636-0643
NCUA Charter Number
Website
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