Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 15.4 and a net worth ratio of 15.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (10.0 on a scale of 0 to 10).
Other Rating Factors: Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.6 has resulted in Excellent (9.5) profitability. A current level of 3.0 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.4).
Asset Mix: Home mtgs (22%), consumer loans (7%), securities (6%), other (66%)