Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 15.7. Operating profits as a percentage of assets at 2.5%, coupled with a return on assets of 2.0 has resulted in Excellent (9.8) profitability.
Other Rating Factors:
A current level of 2.4 percent of nonperforming loans to core capital combined with 0.3 percent from a year earlier contributes to the Excellent asset quality (7.2). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (5.0 on a scale of 0 to 10).
Asset Mix:
Comm re (43%), cash (17%), home mtgs (10%), comm loans (6%), securities (2%), home eq lns (1%), other (21%)
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
Investment Rating
--
Address
200 North Washington Square
Lansing, MI 48933
Lansing, MI 48933
Phone Number
(517) 484-5080
Year Founded
1982
FDIC Number
Website
Largest Affiliates
No affiliate information available.