Major Rating Factors:
Fair current capitalization (3.0 on a scale of 0 to 10) based on a net capital to total assets of 5.3 and a net worth ratio of 0.0. Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.4 has resulted in Fair (3.7) profitability.
Other Rating Factors:
Fair liquidity 3.5, driven by a liquidity ratio of 13.0 percent and a “hot money” ratio of 7.2 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.5 on a scale of 0 to 10).
Asset Mix:
Home mtgs (24%), consumer loans (15%), other (61%)
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
1161 North Bagley Street
Alpena, MI 49707
Alpena, MI 49707
Phone Number
(989) 739-1401
NCUA Charter Number
Website
Largest Competitors
Caledonia, MI
Alpena, MI
Alpena, MI
Alpena, MI
Alpena, MI