The State Savings Bank of Manistique
Major Rating Factors:
Excellent current capitalization (8.6 on a scale of 0 to 10) and a capital leverage ratio of 10.0. A current level of 0.7 percent of nonperforming loans to core capital combined with 4.1 percent from a year earlier contributes to the Excellent asset quality (8.1).
Other Rating Factors:
Fair liquidity 4.3, driven by a liquidity ratio of 44.7 percent and a “hot money” ratio of 12.5 percent. Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.6 has resulted in Fair (3.4) profitability.
Asset Mix:
Securities (38%), home mtgs (19%), comm re (17%), cash (7%), comm loans (5%), consumer loans (4%), 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
No affiliate information available.