Major Rating Factors:
Excellent current capitalization (9.6 on a scale of 0 to 10) based on a net capital to total assets of 11.2 and a net worth ratio of 11.4. Operating profits as a percentage of assets at 1.7%, coupled with a return on assets of 1.3 has resulted in Excellent (9.4) profitability.
Other Rating Factors:
A current level of 3.1 percent of nonperforming loans to core capital combined with 2.8 percent from a year earlier contributes to the Excellent asset quality (9.1). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.0 on a scale of 0 to 10).
Asset Mix:
Consumer loans (24%), home mtgs (19%), securities (3%), 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
1100 South Bagley Street
Alpena, MI 49707
Alpena, MI 49707
Phone Number
(989) 356-3577
NCUA Charter Number
Website
Largest Competitors
Caledonia, MI
Alpena, MI
Alpena, MI
Alpena, MI
Alpena, MI
