Development
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 (3.8 on a scale of 0 to 10). Fair current capitalization (3.0 on a scale of 0 to 10) based on a net capital to total assets of 5.3 and a net worth ratio of 8.8.
Other Rating Factors:
A current level of 9.0 percent of nonperforming loans to core capital combined with 11.2 percent from a year earlier contributes to the Excellent asset quality (7.0). Weak liquidity 3.0, driven by a liquidity ratio of 6.7 percent and a “hot money” ratio of 8.4 percent.
Asset Mix:
Consumer loans (26%), home mtgs (10%), other (64%)
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
111 South Waverly Road
Lansing, MI 48917
Lansing, MI 48917
Phone Number
(517) 323-3644
NCUA Charter Number
Website
Largest Competitors
Lansing, MI
Lansing, MI
Lansing, MI
Lansing, MI
Lansing, MI