Major Rating Factors:
Good current capitalization (6.7 on a scale of 0 to 10) based on a risk-based capital ratio of 14.4 and a capital leverage ratio of 8.7. A current level of 3.2 percent of nonperforming loans to core capital combined with 4.8 percent from a year earlier contributes to the Good asset quality (6.7).
Other Rating Factors:
Fair liquidity 3.7, driven by a liquidity ratio of 32.0 percent and a “hot money” ratio of 9.8 percent. Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.7 has resulted in Fair (3.7) profitability.
Asset Mix:
Securities (32%), comm re (27%), home mtgs (11%), cash (7%), comm loans (4%), home eq lns (3%), consumer loans (1%), other (15%)
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
Shelby Financial Corporation
Investment Rating
--
Address
242 North Michigan Avenue
Shelby, MI 49455
Shelby, MI 49455
Phone Number
(231) 861-2123
Year Founded
FDIC Number
Website
Largest Affiliates
No affiliate information available.