Major 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 (3.7 on a scale of 0 to 10). A current level of 4.9 percent of nonperforming loans to core capital combined with 2.5 percent from a year earlier contributes to the Good asset quality (5.3).
Other Rating Factors:
Excellent current capitalization (8.3 on a scale of 0 to 10) and a capital leverage ratio of 9.9. Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.2 has resulted in Good (6.3) profitability.
Asset Mix:
Home mtgs (21%), comm re (11%), comm loans (9%), securities (8%), cash (3%), consumer loans (2%), other (46%)
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
Bay Port Financial Corporation
Investment Rating
--
Address
9840 Main Street
Bay Port, MI 48720
Bay Port, MI 48720
Phone Number
(989) 656-2231
Year Founded
1938
FDIC Number
Website
Largest Affiliates
No affiliate information available.