Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Old Dominion University Cu Inc., has a low asset base.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Old Dominion University Cu Inc., had $1.32 million in non-current loans and owned real-estate with $2.76 million in equity and loan loss allowances on hand to cover it. This gives Old Dominion University Cu Inc., a Texas Ratio of 47.75% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Old Dominion University Cu Inc., experienced no significant changes from 46.52% as of December 31, 2012 to 47.75% as of December 31, 2013, resulting in a negative change of 2.65%. This indicates that the balance sheet and financial strength for Old Dominion University Cu Inc., has had no significant changes in recent periods.
In the past year, Old Dominion University Cu Inc., has increased its total deposits by $870,000, resulting in 3.66% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Old Dominion University Cu Inc., has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Old Dominion University Cu Inc., has $27.29 million in assets with $2.76 million in equity, resulting in a capitalization level of 10.11%, which is above average.