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MICHIGAN FIRST

LATHRUP VILLAGE, MI

Latest Health Report

Latest Update: March 31, 2021

Assets
$1,442,178,958
Deposits
$1,207,102,798
Loans
$862,626,486
Loan Loss Provision
$500,000
Profit
$4,627,589
Capital
$151,833,230
Reserves
$11,213,311
Past Due 90 Days
$3,931,657
Other Real Estate Owned
$556,256
Capital Plus Reserves
$163,046,541
Total Troubled Assets
$4,487,913
Troubled Asset Ratio
2.75

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2020 $1,324,609,574 $1,093,189,886 $842,399,309 $10,368,640 $158,295,201 $4,779,793 3.02
2019 $980,071,242 $746,057,936 $668,849,066 $7,952,633 $148,374,742 $7,493,182 5.05
2018 $925,233,172 $681,310,137 $664,987,293 $6,847,270 $139,428,223 $9,621,424 6.90
2017 $863,463,767 $638,107,188 $593,191,549 $4,477,121 $132,230,157 $11,155,809 8.44
2016 $785,122,215 $618,088,437 $509,436,920 $7,392,820 $129,939,957 $8,467,870 6.52