Major Rating Factors:
A current level of 3.3 percent of nonperforming loans to core capital contributes to the Excellent asset quality (7.9). Good current capitalization (6.8 on a scale of 0 to 10) based on a net capital to total assets of 9.2 and a net worth ratio of 10.7.
Other Rating Factors:
Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 1.0 has resulted in Good (5.9) profitability. Good liquidity 5.1, driven by a liquidity ratio of 25.1 percent and a “hot money” ratio of 2.2 percent.
Asset Mix:
Consumer loans (26%), home mtgs (10%), comm loans (3%), other (62%)
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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