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Leading bank analyst gives New Resource its highest rating
August 1, 2013
BauerFinancial, an independent bank and credit union analyst, gave New Resource Bank a five-star rating—the highest available—in its most recent reporting period.
The company rates U.S. banks based on a formula factoring in current and historical data. The first level of evaluation is a bank’s capital ratio, followed by other relevant data such as profitability, historical trends, loan delinquencies, repossessed assets, reserves, regulatory compliance and asset quality. BauerFinancial says it uses conservative measures when assigning ratings, and projects negative trends forward to compensate for the lag time in the data.
New Resource’s five-star rating earns the bank a “superior” label and inclusion in BauerFinancial’s Recommended Bank Report.
You can see the report here.
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