Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.3 on a scale of 0 to 10). Fair current capitalization (4.0 on a scale of 0 to 10) based on a net capital to total assets of 6.4 and a net worth ratio of 0.0.
Other Rating Factors:
A current level of 7.9 percent of nonperforming loans to core capital combined with 5.0 percent from a year earlier contributes to the Excellent asset quality (7.0). Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.6 has resulted in Fair (3.9) profitability.
Asset Mix:
Home mtgs (23%), consumer loans (16%), other (60%)
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