Major Rating Factors:
Very Weak current capitalization (0.4 on a scale of 0 to 10) based on a net capital to total assets of 3.7 and a net worth ratio of 0.0. Operating profits as a percentage of assets at 0.3%, coupled with a return on assets of 0.5 has resulted in Weak (2.9) profitability.
Other Rating Factors:
Fair liquidity 3.4, driven by a liquidity ratio of 15.2 percent and a “hot money” ratio of 9.8 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.3 on a scale of 0 to 10).
Asset Mix:
Home mtgs (24%), consumer loans (15%), securities (3%), other (59%)
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
