Major Rating Factors:
A current level of 37.5 percent of nonperforming loans to core capital combined with 15.3 percent from a year earlier contributes to the Very Weak asset quality (0.1). Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.5 has resulted in Weak (1.9) profitability.
Other Rating Factors:
Very Weak liquidity 0.6, driven by a liquidity ratio of 9.2 percent and a “hot money” ratio of 11.6 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.2 on a scale of 0 to 10).
Asset Mix:
Comm re (50%), comm loans (19%), cash (7%), securities (7%), home mtgs (6%), home eq lns (1%), consumer loans (1%), other (10%)
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.