Major Rating Factors:
Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 0.7 has resulted in Excellent (7.3) profitability. Excellent current capitalization (7.2 on a scale of 0 to 10) based on a net capital to total assets of 9.6 and a net worth ratio of 10.1.
Other Rating Factors:
A current level of 5.4 percent of nonperforming loans to core capital combined with 4.0 percent from a year earlier contributes to the Good asset quality (6.6). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Asset Mix:
Consumer loans (45%), home mtgs (24%), other (30%)
Corporate Info
1000 Saint Albans Drive
Raleigh, NC 27609
Raleigh, NC 27609
(919) 420-8000
Largest Competitors
Raleigh, NC
Raleigh, NC
Raleigh, NC
Raleigh, NC