Major Rating Factors:
A current level of 5.6 percent of nonperforming loans to core capital combined with 15.1 percent from a year earlier contributes to the Fair asset quality (4.4). 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 (9.1 on a scale of 0 to 10) and a capital leverage ratio of 10.4. Operating profits as a percentage of assets at 1.7%, coupled with a return on assets of 1.4 has resulted in Good (6.5) profitability.
Asset Mix:
Home mtgs (26%), securities (15%), comm re (14%), comm loans (14%), consumer loans (12%), cash (4%), home eq lns (3%), 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
Baybank Corporation
Investment Rating
--
Address
104 South 10th Street
Gladstone, MI 49837
Gladstone, MI 49837
Phone Number
(906) 428-4040
Year Founded
1912
FDIC Number
Website
Largest Affiliates
No affiliate information available.