Major Rating Factors:
Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.3 has resulted in Excellent (9.4) profitability. Excellent current capitalization (8.8 on a scale of 0 to 10) based on a net capital to total assets of 10.7 and a net worth ratio of 10.8.
Other Rating Factors:
A current level of 2.3 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.7). Good liquidity 6.0, driven by a liquidity ratio of 43.8 percent and a “hot money” ratio of 1.8 percent.
Asset Mix:
Consumer loans (34%), home mtgs (11%), other (54%)
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
473 East Division Street
Dowagiac, MI 49047
Dowagiac, MI 49047
Phone Number
(269) 782-2410
NCUA Charter Number
Website
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