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MICHIGAN TECH EMPLOYEES

HOUGHTON, MI

Latest Health Report

Latest Update: Sept. 30, 2020

Assets
$103,064,733
Deposits
$92,488,446
Loans
$62,878,322
Loan Loss Provision
$140,000
Profit
$802,595
Capital
$8,913,196
Reserves
$292,403
Past Due 90 Days
$68,128
Other Real Estate Owned
$0
Capital Plus Reserves
$9,205,599
Total Troubled Assets
$68,128
Troubled Asset Ratio
0.74

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