Major Rating Factors:
A current level of 9.3 percent of nonperforming loans to core capital combined with 0.9 percent from a year earlier contributes to the Fair asset quality (5.0). Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.7 has resulted in Fair (4.1) profitability.
Other Rating Factors:
Good current capitalization (6.5 on a scale of 0 to 10) based on a risk-based capital ratio of 15.5 and a capital leverage ratio of 8.5. Fair liquidity 3.3, driven by a liquidity ratio of 17.2 percent and a “hot money” ratio of 7.5 percent.
Asset Mix:
Securities (34%), home mtgs (23%), comm re (16%), comm loans (5%), home eq lns (3%), consumer loans (3%), cash (2%), 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
CNB Corporation
Investment Rating
Address
303 North Main Street
Cheboygan, MI 49721
Cheboygan, MI 49721
Phone Number
(231) 627-7111
Year Founded
1931
FDIC Number
Website
Largest Affiliates
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