Major Rating Factors:
Operating profits as a percentage of assets at 2.0%, coupled with a return on assets of 1.1 has resulted in Excellent (8.9) profitability. Good current capitalization (6.7 on a scale of 0 to 10) based on a net capital to total assets of 9.2 and a net worth ratio of 9.3.
Other Rating Factors:
A current level of 9.8 percent of nonperforming loans to core capital combined with 6.0 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 (40%), home mtgs (19%), other (41%)
Largest Competitors
Riverdale, UT
Ogden, UT
Provo, UT
Salt Lake City, UT
West Jordan, UT