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PREFERRED
Grand Rapids, MI
Latest Health Report
Latest Update: March 31, 2023
- Assets
- $266,474,813
- Deposits
- $234,476,835
- Loans
- $142,354,037
- Loan Loss Provision
- $ 0
- Profit
- $831,203
- Capital
- $35,423,999
- Reserves
- $0
- Past Due 90 Days
- $ 428,026
- Other Real Estate Owned
- $0
- Capital Plus Reserves
- $ 35,423,999
- Total Troubled Assets
- $ 428,026
- Troubled Asset Ratio
- 1.21
Past reports
| Year | Assets | Deposits | Loans | Profit | Capital + Reserves | Total Troubled Assets | Troubled Asset Ratio |
|---|---|---|---|---|---|---|---|
| 2022 | $259,945,564 | $229,871,982 | $144,495,238 | $2,780,523 | $ 36,000,336 | $ 448,695 | 1.25 |
| 2021 | $256,896,436 | $221,500,157 | $127,638,049 | $2,267,035 | $ 33,194,258 | $ 285,474 | 0.86 |
| 2020 | $221,797,679 | $187,545,845 | $113,204,681 | $1,211,845 | $ 30,891,802 | $ 252,935 | 0.82 |
| 2019 | $179,421,632 | $147,431,678 | $118,818,506 | $2,273,139 | $ 28,937,940 | $ 1,063,938 | 3.68 |
| 2018 | $169,208,768 | $140,675,181 | $114,154,259 | $2,026,244 | $ 26,808,286 | $ 943,026 | 3.52 |