The First National Bank of Saint Ignace
Major Rating Factors:
Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.6 has resulted in Fair (3.6) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.3 on a scale of 0 to 10).
Other Rating Factors:
A current level of 3.7 percent of nonperforming loans to core capital combined with 5.2 percent from a year earlier contributes to the Good asset quality (6.6). Good current capitalization (5.8 on a scale of 0 to 10) based on a risk-based capital ratio of 16.7 and a capital leverage ratio of 7.8.
Asset Mix:
Securities (49%), comm re (14%), cash (12%), home mtgs (8%), consumer loans (5%), comm loans (2%), other (10%)
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
There are no affiliate to display.