Major Rating Factors:
A current level of 0.4 percent of nonperforming loans to core capital combined with 0.4 percent from a year earlier contributes to the Excellent asset quality (10.0). Excellent current capitalization (9.1 on a scale of 0 to 10) based on a net capital to total assets of 10.9 and a net worth ratio of 0.0.
Other Rating Factors:
Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.0 has resulted in Good (6.1) profitability. Good liquidity 6.0, driven by a liquidity ratio of 33.6 percent and a “hot money” ratio of 10.5 percent.
Asset Mix:
Home mtgs (18%), consumer loans (17%), securities (8%), other (56%)
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
65 West Laketon Avenue
Muskegon, MI 49441
Muskegon, MI 49441
Phone Number
(231) 722-7285
NCUA Charter Number
Website
Largest Competitors
Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI