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MICHIGAN TECH EMPLOYEES

HOUGHTON, MI

Latest Health Report

Latest Update: June 30, 2022

Assets
$124,709,976
Deposits
$114,987,448
Loans
$77,553,419
Loan Loss Provision
$ 0
Profit
$540,161
Capital
$11,115,629
Reserves
$339,713
Past Due 90 Days
$ 77,754
Other Real Estate Owned
$0
Capital Plus Reserves
$ 11,455,342
Total Troubled Assets
$ 77,754
Troubled Asset Ratio
0.68

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 $123,292,511 $112,018,161 $72,421,349 $1,369,389 $ 10,933,554 $ 37,395 0.34
2020 $109,046,025 $98,256,522 $64,232,284 $1,095,479 $ 9,500,930 $ 20,038 0.21
2019 $87,356,818 $78,600,506 $54,072,076 $897,465 $ 8,289,754 $ 33,077 0.40
2018 $474,651,000 $406,282,000 $257,464,000 $2,809,000 $ 52,224,000 $ 2,995,000 5.73
2017 $76,961,267 $70,202,057 $41,899,158 $602,531 $ 6,481,464 $ 42,267 0.65