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 (4.3 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.3 has resulted in Weak (1.0) profitability.
Other Rating Factors:
A current level of 3.6 percent of nonperforming loans to core capital combined with 1.8 percent from a year earlier contributes to the Excellent asset quality (7.2). Good current capitalization (6.5 on a scale of 0 to 10) and a capital leverage ratio of 8.5.
Asset Mix:
Comm re (25%), cash (21%), home mtgs (16%), home eq lns (11%), comm loans (5%), securities (3%), consumer loans (0%), other (19%)
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.