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 (4.6) profitability. A current level of 17.0 percent of nonperforming loans to core capital combined with 12.9 percent from a year earlier contributes to the Fair asset quality (3.6).
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 (7.1 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 12.4 and a capital leverage ratio of 8.7.
Asset Mix:
Home mtgs (39%), comm re (17%), cash (12%), comm loans (6%), home eq lns (5%), 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
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