Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 11.3 and a net worth ratio of 11.3. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.6 on a scale of 0 to 10).
Other Rating Factors: Operating profits as a percentage of assets at 1.8%, coupled with a return on assets of 1.9 has resulted in Excellent (8.5) profitability. A current level of 4.7 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.3).
Asset Mix: Consumer loans (30%), home mtgs (28%), securities (0%), other (41%)