Major Rating Factors:
Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.3 has resulted in Fair (4.8) profitability. Fair current capitalization (4.3 on a scale of 0 to 10) based on a net capital to total assets of 6.6 and a net worth ratio of 9.3.
Other Rating Factors:
A current level of 3.5 percent of nonperforming loans to core capital combined with 7.5 percent from a year earlier contributes to the Excellent asset quality (7.3). Fair liquidity 4.5, driven by a liquidity ratio of 21.0 percent and a “hot money” ratio of 5.0 percent.
Asset Mix:
Consumer loans (32%), home mtgs (11%), 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
485 South State Street
Sparta, MI 49345
Sparta, MI 49345
Phone Number
(616) 887-8262
NCUA Charter Number
Website
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