Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.7 has resulted in Good (6.3) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 19.7 and a net worth ratio of 0.0. A current level of 8.1 percent of nonperforming loans to core capital combined with 10.6 percent from a year earlier contributes to the Excellent asset quality (7.6).
Asset Mix:
Home mtgs (37%), securities (15%), consumer loans (1%), other (46%)
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
16580 Bakertown Road
Buchanan, MI 49107
Buchanan, MI 49107
Phone Number
(269) 695-2334
NCUA Charter Number
Website
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