Thumb Bank & Trust

Major Rating Factors: A current level of 1.0 percent of nonperforming loans to core capital combined with 0.3 percent from a year earlier contributes to the Excellent asset quality (7.8). Good current capitalization (6.1 on a scale of 0 to 10) based on a risk-based capital ratio of 13.7 and a capital leverage ratio of 8.9.

Other 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 (5.5 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.9 has resulted in Fair (4.4) profitability.

Asset Mix: Securities (31%), comm re (11%), home mtgs (8%), cash (5%), comm loans (5%), consumer loans (1%), other (39%)

States with Branches: MI

Asset Quality

Non-Performing Loans to Capital

0.99%

Non-Performing Assets to Assets

0.28%

Non-Performing Loans to Loans

0.27%

Loan Loss Reserves to Loans

1.15%

Charge-Offs to Average Loans

0.00%

5-Year Charge-Offs to Average Loans

0.05%

5-Year Asset Growth

26.56%

1-Year Asset Growth

60.89%

Profitability

Operating Profit to Average Assets

1.03%

Return on Equity

10.20%

Net Interest Spread

3.43%

5-Year ROAA (Return on Average Assets)

1.03%

Overhead Efficiency Ratio

72.64%

Liquidity

Liquidity Ratio

40.43%

Hot Money

13.51%

Corporate Info

Group Affiliation

Thumb Bancorp, Inc.

Investment Rating

Address

7254 Michigan Avenue
Pigeon, MI 48755

Phone Number

(989) 453-3113

Year Founded

1895

FDIC Number

14513

Website

http://www.thumb.bank/

Largest Affiliates

No affiliate information available.