Major Rating Factors:
A current level of 20.9 percent of nonperforming loans to core capital combined with 11.3 percent from a year earlier contributes to the Fair asset quality (3.7). Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 0.1 has resulted in Fair (3.1) profitability.
Other Rating Factors:
Good current capitalization (5.5 on a scale of 0 to 10) based on a net capital to total assets of 7.9 and a net worth ratio of 0.0. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.2 on a scale of 0 to 10).
Asset Mix:
Consumer loans (40%), home mtgs (29%), other (31%)
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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