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 (5.0 on a scale of 0 to 10). Excellent current capitalization (8.3 on a scale of 0 to 10) based on a net capital to total assets of 10.4 and a net worth ratio of 11.4.
Other Rating Factors:
A current level of 1.9 percent of nonperforming loans to core capital combined with 1.2 percent from a year earlier contributes to the Excellent asset quality (10.0). Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.4 has resulted in Excellent (9.5) profitability.
Asset Mix:
Home mtgs (49%), consumer loans (12%), other (39%)
Corporate Info
5664 Prairie Creek Drive SE
Caledonia, MI 49316
Caledonia, MI 49316
(616) 242-9790
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