The First National Bank of Saint Ignace
Major Rating Factors:
Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.1 has resulted in Fair (4.3) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.0 on a scale of 0 to 10).
Other Rating Factors:
A current level of 2.0 percent of nonperforming loans to core capital combined with 14.4 percent from a year earlier contributes to the Excellent asset quality (7.6). Good liquidity 5.6, driven by a liquidity ratio of 55.8 percent and a “hot money” ratio of 12.0 percent.
Asset Mix:
Securities (56%), comm re (13%), cash (10%), home mtgs (7%), consumer loans (2%), comm loans (2%), other (9%)
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
Mackinac National Bancorp, Inc.
Investment Rating
--
Address
132 North State Street
Saint Ignace, MI 49781
Saint Ignace, MI 49781
Phone Number
(906) 643-6800
Year Founded
1888
FDIC Number
Website
Largest Affiliates
No affiliate information available.