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 (4.8 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.1%, coupled with a return on assets of 0.1 has resulted in Very Weak (0.1) profitability.
Other Rating Factors:
A current level of 1.5 percent of nonperforming loans to core capital combined with 2.4 percent from a year earlier contributes to the Excellent asset quality (8.0). Excellent current capitalization (7.7 on a scale of 0 to 10) and a capital leverage ratio of 9.5.
Asset Mix:
Comm re (29%), home mtgs (18%), home eq lns (11%), cash (8%), comm loans (6%), securities (2%), consumer loans (0%), other (26%)
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
Central-State Bancorp, Inc.
Investment Rating
--
Address
703 Main Street
Frankfort, MI 49635
Frankfort, MI 49635
Phone Number
(231) 352-9691
Year Founded
1901
FDIC Number
Website
Largest Affiliates
No affiliate information available.