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05.06.2008 3:18 pm
Pulaski Financial makes list of top thrifts
Jerri Stroud
St. Louis Post-Dispatch

Pulaski Financial Corp., the Creve Coeur-based parent of Pulaski Bank, made SNL Financial’s list of top-performing thrift institutions.

Pulaski ranked 10th among the nation’s 100 largest third institutions and scored 77.4  in the financial data company’s survey.

Washington  Federal of Seattle ranked first with a score of 85.4. SNL said many thrifts declined in the rankings because of problems in the mortgage and housing markets.

SNL  gave the companies  a weighted score, with 20 percent of the score based on each of four measures:

  • Core return on average assets.
  • Core return on average equity
  • Three-year compound annual growth in book value.
  • Efficiency ratio.

Another 10 percent was base on two additional measures:

  • Net chargeoffs as a percent of loans.
  • Ratio of nonperforming assets and loans 90 days past due to total assets.

The survey results are available at SNL’s website.


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URL to article: http://www.stltoday.com/blogzone/business-news/biz-buzz/2008/05/pulaski-financial-makes-list-of-top-thrifts/

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