Development
Major Rating Factors:
Very Weak current capitalization (0.3 on a scale of 0 to 10) based on a net capital to total assets of 3.5 and a net worth ratio of 15.5. Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.5 has resulted in Weak (1.5) profitability.
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.8 on a scale of 0 to 10). Fair liquidity 4.9, driven by a liquidity ratio of 10.8 percent and a “hot money” ratio of 1.4 percent.
Asset Mix:
Consumer loans (8%), home mtgs (7%), other (85%)
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
185 South Main Street
Newark, DE 19711
Newark, DE 19711
Phone Number
(302) 733-0426
NCUA Charter Number
Website
Largest Competitors
Dover, DE
Dover, DE
Seaford, DE
Wilmington, DE
Newark, DE