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LOC

FARMINGTON, MI

Latest Health Report

Latest Update: Dec. 31, 2020

Assets
$280,974,921
Deposits
$257,246,877
Loans
$140,561,407
Loan Loss Provision
$599,571
Profit
$2,028,931
Capital
$23,231,126
Reserves
$783,237
Past Due 90 Days
$542,986
Other Real Estate Owned
$0
Capital Plus Reserves
$24,014,363
Total Troubled Assets
$542,986
Troubled Asset Ratio
2.26

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 $280,974,921 $257,246,877 $140,561,407 $2,028,931 $24,014,363 $542,986 2.26
2019 $227,182,651 $205,948,326 $124,496,559 $2,743,579 $21,659,504 $329,673 1.52
2018 $215,909,023 $196,728,978 $116,797,374 $2,076,315 $18,853,374 $559,186 2.97
2017 $215,237,927 $198,050,244 $109,974,966 $1,763,439 $16,673,035 $519,931 3.12
2016 $201,766,959 $187,448,604 $97,320,140 $901,562 $14,895,960 $475,322 3.19