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 (3.8) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10).
Other Rating Factors:
Good current capitalization (6.3 on a scale of 0 to 10) based on a risk-based capital ratio of 11.8 and a capital leverage ratio of 8.3. A current level of 9.2 percent of nonperforming loans to core capital combined with 6.8 percent from a year earlier contributes to the Good asset quality (5.3).
Asset Mix:
Home mtgs (41%), comm re (20%), cash (7%), comm loans (7%), home eq lns (4%), securities (2%), consumer loans (0%), other (18%)
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
Dart Financial Corporation
Investment Rating
--
Address
368 South Park Street
Mason, MI 48854
Mason, MI 48854
Phone Number
(517) 676-3661
Year Founded
1925
FDIC Number
Website
Largest Affiliates
No affiliate information available.