Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.1 on a scale of 0 to 10). Fair current capitalization (3.5 on a scale of 0 to 10) based on a net capital to total assets of 5.5 and a net worth ratio of 9.0.
Other Rating Factors:
A current level of 1.4 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.6). Fair liquidity 4.4, driven by a liquidity ratio of 5.8 percent and a “hot money” ratio of 0.0 percent.
Asset Mix:
Home mtgs (22%), consumer loans (16%), securities (8%), other (55%)
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
710 West Miller Street
Alpena, MI 49707
Alpena, MI 49707
Phone Number
(989) 356-4561
NCUA Charter Number
Largest Competitors
Caledonia, MI
Alpena, MI
Alpena, MI
Alpena, MI
Alpena, MI
