Major Rating Factors:
A current level of 3.8 percent of nonperforming loans to core capital combined with 4.4 percent from a year earlier contributes to the Excellent asset quality (8.8). Good current capitalization (6.6 on a scale of 0 to 10) based on a net capital to total assets of 9.1 and a net worth ratio of 10.2.
Other Rating Factors:
Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.7 has resulted in Good (5.5) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.5 on a scale of 0 to 10).
Asset Mix:
Home mtgs (27%), consumer loans (21%), other (52%)
Corporate Info
1381 North Bagley Street
Alpena, MI 49707
Alpena, MI 49707
(989) 356-1880
Largest Competitors
Caledonia, MI
Alpena, MI
Alpena, MI
Alpena, MI
Alpena, MI