Major Rating Factors:
Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.8 has resulted in Fair (3.9) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.8 on a scale of 0 to 10).
Other Rating Factors:
A current level of 3.2 percent of nonperforming loans to core capital combined with 3.1 percent from a year earlier contributes to the Good asset quality (6.2). Good current capitalization (5.9 on a scale of 0 to 10) based on a risk-based capital ratio of 12.6 and a capital leverage ratio of 7.9.
Asset Mix:
Home mtgs (43%), comm re (22%), securities (10%), home eq lns (7%), comm loans (3%), cash (3%), consumer loans (1%), other (11%)
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
No affiliate information available.