Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 15.1 and a net worth ratio of 15.1. A current level of 2.4 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.8).
Other Rating Factors:
Excellent liquidity 7.7, driven by a liquidity ratio of 66.6 percent and a “hot money” ratio of 4.9 percent. Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.9 has resulted in Good (6.7) profitability.
Asset Mix:
Consumer loans (15%), home mtgs (7%), other (78%)
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
27850 Mound Road
Warren, MI 48092
Warren, MI 48092
Phone Number
(586) 751-4400
NCUA Charter Number
Website
Largest Competitors
Caledonia, MI
Warren, MI
Warren, MI
Warren, MI