Major Rating Factors:
A current level of 9.1 percent of nonperforming loans to core capital contributes to the Good asset quality (7.0). Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 0.3 has resulted in Good (6.3) profitability.
Other Rating Factors:
Good current capitalization (5.8 on a scale of 0 to 10) based on a net capital to total assets of 8.2 and a net worth ratio of 9.0. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.0 on a scale of 0 to 10).
Asset Mix:
Consumer loans (44%), home mtgs (14%), comm loans (5%), securities (1%), other (36%)
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
600 West Wackerly Street
Midland, MI 48640
Midland, MI 48640
Phone Number
(855) 835-6328
NCUA Charter Number
Website
Largest Competitors
Caledonia, MI
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