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LOC

FARMINGTON, MI

Latest Health Report

Latest Update: June 30, 2022

Assets
$327,360,117
Deposits
$306,932,623
Loans
$173,429,858
Loan Loss Provision
$ -108,447
Profit
$469,321
Capital
$25,747,117
Reserves
$492,045
Past Due 90 Days
$ 161,960
Other Real Estate Owned
$0
Capital Plus Reserves
$ 26,239,162
Total Troubled Assets
$ 161,960
Troubled Asset Ratio
0.62

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
2021 $324,152,590 $299,453,482 $163,684,564 $2,046,667 $ 25,927,075 $ 244,045 0.94
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