Major Rating Factors:
Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.5 has resulted in Fair (3.4) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.1 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (7.0 on a scale of 0 to 10) and a capital leverage ratio of 9.0. A current level of 4.1 percent of nonperforming loans to core capital combined with 1.5 percent from a year earlier contributes to the Good asset quality (5.9).
Asset Mix:
Comm re (30%), home mtgs (17%), home eq lns (14%), cash (13%), comm loans (6%), securities (3%), consumer loans (0%), other (17%)
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.