Major Rating Factors:
Excellent current capitalization (8.6 on a scale of 0 to 10) and a capital leverage ratio of 10.6. A current level of 6.0 percent of nonperforming loans to core capital combined with 8.9 percent from a year earlier contributes to the Good asset quality (5.0).
Other 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 (4.8 on a scale of 0 to 10). Fair liquidity 4.5, driven by a liquidity ratio of 56.9 percent and a “hot money” ratio of 13.7 percent.
Asset Mix:
Securities (47%), comm loans (15%), comm re (12%), home mtgs (6%), cash (6%), consumer loans (4%), home eq lns (1%), 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
West End Financial Corp.
Investment Rating
--
Address
155 East Cloverland Drive
Ironwood, MI 49938
Ironwood, MI 49938
Phone Number
(906) 932-7646
Year Founded
2002
FDIC Number
Website
Largest Affiliates
No affiliate information available.