Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (1.7 on a scale of 0 to 10). Weak current capitalization (2.2 on a scale of 0 to 10) and a capital leverage ratio of 9.2.
Other Rating Factors:
Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.7 has resulted in Fair (3.3) profitability. Fair liquidity 4.0, driven by a liquidity ratio of 51.8 percent and a “hot money” ratio of 6.7 percent.
Asset Mix:
Securities (44%), home mtgs (21%), comm re (9%), comm loans (3%), cash (2%), consumer loans (2%), home eq lns (1%), 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
Northern Interstate Financial, Inc.
Investment Rating
--
Address
501 West US Highway Two
Norway, MI 49870
Norway, MI 49870
Phone Number
(906) 563-9233
Year Founded
1901
FDIC Number
Website
Largest Affiliates
No affiliate information available.