Major Rating Factors:
A current level of 6.3 percent of nonperforming loans to core capital combined with 0.0 percent from a year earlier contributes to the Fair asset quality (4.8). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 13.4. Operating profits as a percentage of assets at 1.8%, coupled with a return on assets of 1.4 has resulted in Good (6.6) profitability.
Asset Mix:
Comm re (40%), home mtgs (24%), securities (6%), home eq lns (5%), cash (3%), comm loans (3%), consumer loans (3%), other (17%)
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
S.B.E. Corp.
Investment Rating
--
Address
430 North Lincoln Road
Escanaba, MI 49829
Escanaba, MI 49829
Phone Number
(906) 789-7000
Year Founded
1902
FDIC Number
Website
Largest Affiliates
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