Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 13.1 and a net worth ratio of 13.1. A current level of 0.2 percent of nonperforming loans to core capital combined with 0.3 percent from a year earlier contributes to the Excellent asset quality (10.0).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.0 on a scale of 0 to 10). Good liquidity 5.6, driven by a liquidity ratio of 34.0 percent and a “hot money” ratio of 6.5 percent.
Asset Mix:
Home mtgs (18%), consumer loans (11%), other (72%)
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
1234 West Chisholm Street
Alpena, MI 49707
Alpena, MI 49707
Phone Number
(989) 354-4698
NCUA Charter Number
Website
Largest Competitors
Caledonia, MI
Alpena, MI
Alpena, MI
Alpena, MI
Alpena, MI
