All of the listed banks were assigned financial-strength ratings of D-minus (weak) or lower.) Strongest Georgia banks and thrifts Based on year-end financial reports, 12 Georgia banks were rated B-plus (good) or above, down from 18 in the previous quarter.
The Ratings uses a very conservative model to assign bank-and-thrift financial-strength ratings, placing the greatest weight on capital strength, credit quality and earnings stability.
Its net charge-off ratio (actual loan losses) was 8.56% for 2009, compared with an aggregated 9.5% for the U. Half of them received "recommended" ratings of B-plus or better.
The horizon is not clear just yet, however, as increased put-back requests from Fannie Mae and Freddie Mac spurred Suntrust to pad its reserves for that purpose.
The bank reported decreased credit costs as well as a jump in mortgage business.
Sun Trust is another regional that has turned in some nifty numbers recently, beating both EPS and revenue estimates.
Most of the highest-rated Georgia banks had nonperforming-asset ratios below 1%, and all were significantly below the FDIC's national aggregate of 3.32%.
The recommended Georgia banks had total risk-based capital ratios well above the 10% required for most institutions to be considered well-capitalized under regulatory guidelines.