Major Rating Factors:
Weak current capitalization (2.2 on a scale of 0 to 10) based on a net capital to total assets of 5.0 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 Weak overall stability index (2.6 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.4 has resulted in Fair (3.9) profitability. Fair liquidity 4.1, driven by a liquidity ratio of 18.4 percent and a “hot money” ratio of 8.7 percent.
Asset Mix:
Consumer loans (30%), home mtgs (13%), other (57%)
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
3070 Normandy Road
Royal Oak, MI 48073
Royal Oak, MI 48073
Phone Number
(248) 549-3838
NCUA Charter Number
Website
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