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BREAKWATER

HOUGHTON, MI

Latest Health Report

Latest Update: March 31, 2023

Assets
$123,590,903
Deposits
$110,994,614
Loans
$84,280,911
Loan Loss Provision
$ 0
Profit
$325,837
Capital
$12,308,070
Reserves
$0
Past Due 90 Days
$ 145,975
Other Real Estate Owned
$0
Capital Plus Reserves
$ 12,308,070
Total Troubled Assets
$ 145,975
Troubled Asset Ratio
1.19

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
2022 $124,263,957 $111,610,348 $82,517,314 $1,406,767 $ 12,299,432 $ 51,855 0.42
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