Major Rating Factors:
Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.0 has resulted in Fair (4.5) profitability. A current level of 5.9 percent of nonperforming loans to core capital combined with 5.5 percent from a year earlier contributes to the Good asset quality (5.8).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.3 on a scale of 0 to 10). Good current capitalization (6.6 on a scale of 0 to 10) based on a risk-based capital ratio of 13.3 and a capital leverage ratio of 8.6.
Asset Mix:
Home mtgs (37%), comm re (20%), securities (12%), home eq lns (7%), cash (6%), comm loans (4%), consumer loans (1%), other (13%)
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
Sturgis Bancorp, Inc.
Investment Rating
Address
113-125 East Chicago Road
Sturgis, MI 49091
Sturgis, MI 49091
Phone Number
(269) 651-9345
Year Founded
1905
FDIC Number
Website
Largest Affiliates
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