Major Rating Factors:
A current level of 6.2 percent of nonperforming loans to core capital combined with 18.7 percent from a year earlier contributes to the Fair asset quality (3.9). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.8 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 16.9 and a capital leverage ratio of 12.9. Operating profits as a percentage of assets at 5.3%, coupled with a return on assets of 5.3 has resulted in Good (6.0) profitability.
Asset Mix:
Comm re (49%), comm loans (14%), cash (13%), securities (5%), home mtgs (5%), home eq lns (1%), consumer loans (1%), other (12%)
States with Branches:
MI
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Bank Michigan Financial Corporation
Investment Rating
--
Address
417 South Main Street
Brooklyn, MI 49230
Brooklyn, MI 49230
Phone Number
(517) 592-3205
Year Founded
1907
FDIC Number
Website
Largest Affiliates
No affiliate information available.