Major Rating Factors:
Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 0.9 has resulted in Excellent (8.7) profitability. A current level of 4.7 percent of nonperforming loans to core capital combined with 4.6 percent from a year earlier contributes to the Excellent asset quality (8.2).
Other Rating Factors:
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 10.5. 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 (32%), home mtgs (14%), other (54%)
Largest Competitors
Tukwila, WA
Liberty Lake, WA
Richland, WA
Olympia, WA
Lacey, WA