NASB Financial (NASB) in Grandview, Mo., has been released from a consent order issued by the Office of the Comptroller of the Currency.
The May 2012 consent order required NASB to develop a strategic plan to improve its risk profile, earnings, growth and capital ratios. It established a minimum 10% Tier 1 leverage ratio and a minimum 13% total risk-based capital ratio.
The order also placed restrictions on NASB's lending activities and required the company to review its credit risk ratings.
The $1.2 billion-asset NASB had a 16.84% Tier 1 leverage ratio and a 24.00% total risk-based capital ratio as of Dec. 31, according to data from the Federal Deposit Insurance Corp. It earned $22.1 million in 2013 and $22.3 million in 2012, according to the FDIC.