Major Rating Factors:
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). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.1 has resulted in Good (5.1) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 13.4. A current level of 0.5 percent of nonperforming loans to core capital combined with 1.2 percent from a year earlier contributes to the Excellent asset quality (7.4).
Asset Mix:
Comm re (37%), home mtgs (22%), securities (9%), cash (4%), comm loans (4%), consumer loans (4%), home eq lns (3%), other (18%)
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
No affiliate information available.