Major Rating Factors:
Excellent current capitalization (9.8 on a scale of 0 to 10) based on a risk-based capital ratio of 12.7 and a capital leverage ratio of 10.8. Operating profits as a percentage of assets at 1.9%, coupled with a return on assets of 1.4 has resulted in Good (7.0) profitability.
Other Rating Factors:
A current level of 1.0 percent of nonperforming loans to core capital combined with 0.5 percent from a year earlier contributes to the Good asset quality (6.8). 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 loans (36%), comm re (15%), consumer loans (7%), cash (6%), home mtgs (5%), securities (5%), home eq lns (1%), other (25%)
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
Wintrust Financial Corporation
Investment Rating
--
Address
10753 Macatawa Drive
Holland, MI 49424
Holland, MI 49424
Phone Number
(616) 820-1444
Year Founded
1997
FDIC Number
Website
Largest Affiliates
No affiliate information available.