Major Rating Factors:
Very Weak current capitalization (0.0 on a scale of 0 to 10) based on a net capital to total assets of 2.3 and a net worth ratio of 9.9. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.3 on a scale of 0 to 10).
Other Rating Factors:
Fair liquidity 4.5, driven by a liquidity ratio of 19.4 percent and a “hot money” ratio of 3.6 percent. Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.5 has resulted in Fair (4.7) profitability.
Asset Mix:
Consumer loans (21%), home mtgs (9%), other (70%)
Corporate Info
15261 Trenton Road
Southgate, MI 48195
Southgate, MI 48195
(313) 386-2200
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