Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.0 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.6 has resulted in Fair (3.4) profitability.
Other Rating Factors:
Good current capitalization (6.8 on a scale of 0 to 10) based on a risk-based capital ratio of 24.4 and a capital leverage ratio of 9.8. A current level of 4.3 percent of nonperforming loans to core capital combined with 4.9 percent from a year earlier contributes to the Good asset quality (5.5).
Asset Mix:
Securities (46%), home mtgs (20%), consumer loans (11%), cash (8%), comm re (5%), comm loans (2%), other (8%)
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
Wakefield Bancorporation, Inc.
Investment Rating
--
Address
400 Sunday Lake Street
Wakefield, MI 49968
Wakefield, MI 49968
Phone Number
(906) 224-9581
Year Founded
1910
FDIC Number
Website
Largest Affiliates
No affiliate information available.