Development
Major Rating Factors:
A current level of 0.4 percent of nonperforming loans to core capital combined with 1.3 percent from a year earlier contributes to the Excellent asset quality (10.0). Excellent current capitalization (8.7 on a scale of 0 to 10) based on a net capital to total assets of 10.7 and a net worth ratio of 10.9.
Other Rating Factors:
Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 1.0 has resulted in Fair (4.8) profitability. Fair liquidity 4.1, driven by a liquidity ratio of 23.7 percent and a “hot money” ratio of 13.1 percent.
Asset Mix:
Home mtgs (38%), consumer loans (20%), other (42%)
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
1201 North Eastman Road
Kingsport, TN 37664
Kingsport, TN 37664
Phone Number
(423) 530-7778
NCUA Charter Number
Website
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