The State Savings Bank of Manistique
Major Rating Factors:
Excellent current capitalization (8.8 on a scale of 0 to 10) and a capital leverage ratio of 10.2. A current level of 0.4 percent of nonperforming loans to core capital combined with 3.2 percent from a year earlier contributes to the Excellent asset quality (8.1).
Other Rating Factors:
Fair liquidity 4.2, driven by a liquidity ratio of 40.7 percent and a “hot money” ratio of 14.5 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.1 on a scale of 0 to 10).
Asset Mix:
Securities (38%), home mtgs (20%), comm re (17%), comm loans (5%), consumer loans (4%), cash (4%), home eq lns (2%), 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
SSB, Inc.
Investment Rating
--
Address
101 South Cedar Street
Manistique, MI 49854
Manistique, MI 49854
Phone Number
(906) 341-4600
Year Founded
1917
FDIC Number
Website
Largest Affiliates
No affiliate information available.