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 3.1 and a net worth ratio of 9.6. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.8 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.8 has resulted in Fair (4.7) profitability. Good liquidity 5.1, driven by a liquidity ratio of 11.5 percent and a “hot money” ratio of 0.2 percent.
Asset Mix:
Consumer loans (22%), home mtgs (5%), other (73%)
Largest Competitors
Caledonia, MI
East Lansing, MI
Dearborn, MI
Auburn Hills, MI
Saint Joseph, MI