Development
Major Rating Factors:
A current level of 2.4 percent of nonperforming loans to core capital combined with 4.6 percent from a year earlier contributes to the Excellent asset quality (9.7). Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.0 has resulted in Excellent (7.1) profitability.
Other Rating Factors:
Good current capitalization (5.3 on a scale of 0 to 10) based on a net capital to total assets of 7.6 and a net worth ratio of 9.3. Fair liquidity 4.5, driven by a liquidity ratio of 27.4 percent and a “hot money” ratio of 1.6 percent.
Asset Mix:
Home mtgs (24%), consumer loans (15%), other (61%)
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
2200 West Main Street
Durham, NC 27705
Durham, NC 27705
Phone Number
(919) 684-6704
NCUA Charter Number
Website
Largest Competitors
Raleigh, NC
Durham, NC
Durham, NC
Durham, NC
Durham, NC