Major Rating Factors:
A current level of 6.0 percent of nonperforming loans to core capital combined with 10.4 percent from a year earlier contributes to the Fair asset quality (5.0). Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.7 has resulted in Weak (2.0) profitability.
Other Rating Factors:
Excellent current capitalization (8.1 on a scale of 0 to 10) and a capital leverage ratio of 10.3. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.2 on a scale of 0 to 10).
Asset Mix:
Securities (49%), comm loans (16%), comm re (11%), home mtgs (6%), cash (4%), 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.