Major Rating Factors:
Excellent current capitalization (9.8 on a scale of 0 to 10) based on a net capital to total assets of 11.4 and a net worth ratio of 11.8. A current level of 12.8 percent of nonperforming loans to core capital combined with 10.5 percent from a year earlier contributes to the Good asset quality (5.8).
Other Rating Factors:
Good liquidity 5.1, driven by a liquidity ratio of 28.8 percent and a “hot money” ratio of 2.7 percent. Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.7 has resulted in Fair (4.8) profitability.
Asset Mix:
Consumer loans (33%), securities (15%), home mtgs (3%), other (49%)
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
1002 Broad Street
Conneaut, OH 44030
Conneaut, OH 44030
Phone Number
(440) 593-7350
NCUA Charter Number
Website
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