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MICHIGAN TECH EMPLOYEES

HOUGHTON, MI

Latest Health Report

Latest Update: March 31, 2020

Assets
$490,779,000
Deposits
$403,279,000
Loans
$278,865,000
Loan Loss Provision
$90,000
Profit
$773,000
Capital
$48,184,000
Reserves
$3,546,000
Past Due 90 Days
$892,000
Other Real Estate Owned
$147,000
Capital Plus Reserves
$51,730,000
Total Troubled Assets
$2,790,000
Troubled Asset Ratio
5.39

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
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
2016 $453,798,000 $387,306,000 $187,745,000 $2,733,000 $47,312,000 $4,346,000 9.19
2015 $65,969,097 $60,279,172 $38,645,761 $211,169 $5,240,796 $139,308 2.66