Major Rating Factors:
Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.7 has resulted in Fair (4.7) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.3 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 13.9 and a capital leverage ratio of 11.3. A current level of 3.1 percent of nonperforming loans to core capital combined with 38.1 percent from a year earlier contributes to the Good asset quality (5.8).
Asset Mix:
Comm re (45%), comm loans (14%), cash (10%), securities (4%), home mtgs (4%), home eq lns (1%), consumer loans (0%), other (22%)
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
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