Major Rating Factors:
A current level of 18.0 percent of nonperforming loans to core capital contributes to the Fair asset quality (4.9). 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).
Other Rating Factors:
Good current capitalization (5.7 on a scale of 0 to 10) based on a net capital to total assets of 8.1 and a net worth ratio of 8.1. Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.1 has resulted in Weak (2.7) profitability.
Asset Mix:
Consumer loans (34%), home mtgs (31%), comm loans (19%), other (17%)
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
358 South Elkhart Avenue
Elkhart, IN 46516
Elkhart, IN 46516
Phone Number
(574) 294-6553
NCUA Charter Number
Website
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