Major Rating Factors:
Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.2 has resulted in Fair (3.4) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.6 on a scale of 0 to 10).
Other Rating Factors:
A current level of 17.2 percent of nonperforming loans to core capital contributes to the Good asset quality (6.0). Good current capitalization (5.8 on a scale of 0 to 10) based on a net capital to total assets of 8.2 and a net worth ratio of 8.2.
Asset Mix:
Home mtgs (42%), consumer loans (19%), comm loans (1%), other (37%)
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
9637 North Greenville Road
Lakeview, MI 48850
Lakeview, MI 48850
Phone Number
(989) 352-6031
NCUA Charter Number
Website
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