Major Rating Factors:
A current level of 0.2 percent of nonperforming loans to core capital combined with 1.3 percent from a year earlier contributes to the Excellent asset quality (10.0). Excellent current capitalization (9.8 on a scale of 0 to 10) based on a net capital to total assets of 11.4 and a net worth ratio of 11.4.
Other Rating Factors:
Good liquidity 6.7, driven by a liquidity ratio of 31.1 percent and a “hot money” ratio of 3.3 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.0 on a scale of 0 to 10).
Asset Mix:
Home mtgs (15%), consumer loans (14%), other (72%)
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
Address
460 West Laketon Avenue
Muskegon, MI 49441
Muskegon, MI 49441
Phone Number
(231) 725-3312
NCUA Charter Number
Website
Largest Competitors
Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI