Major Rating Factors:
Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.7 has resulted in Weak (1.7) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.1 on a scale of 0 to 10).
Other Rating Factors:
A current level of 2.9 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.4). Good liquidity 5.5, driven by a liquidity ratio of 28.5 percent and a “hot money” ratio of 5.7 percent.
Asset Mix:
Consumer loans (24%), home mtgs (9%), other (67%)
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
(866) 399-3762
NCUA Charter Number
Website
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