The State Savings Bank of Manistique
Major Rating Factors:
Excellent current capitalization (8.0 on a scale of 0 to 10) and a capital leverage ratio of 9.6. A current level of 3.8 percent of nonperforming loans to core capital combined with 0.8 percent from a year earlier contributes to the Excellent asset quality (7.7).
Other 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 (3.9 on a scale of 0 to 10). Fair liquidity 3.9, driven by a liquidity ratio of 41.1 percent and a “hot money” ratio of 12.7 percent.
Asset Mix:
Securities (40%), home mtgs (21%), comm re (18%), comm loans (5%), consumer loans (4%), cash (2%), home eq lns (2%), other (9%)
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
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