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TORCH LAKE

LAURIUM, MI

Latest Health Report

Latest Update: March 31, 2023

Assets
$12,525,118
Deposits
$11,418,564
Loans
$4,680,156
Loan Loss Provision
$ 0
Profit
$21,457
Capital
$1,046,648
Reserves
$5,804
Past Due 90 Days
$ 7,205
Other Real Estate Owned
$0
Capital Plus Reserves
$ 1,052,452
Total Troubled Assets
$ 7,205
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
2022 $12,454,206 $11,338,056 $4,834,723 $86,361 $ 1,032,340 $ 20,115 1.95
2021 $11,757,997 $10,771,868 $4,542,300 $74,367 $ 980,126 $ 26,106 2.66
2020 $10,139,123 $9,237,321 $4,612,414 $42,056 $ 905,234 $ 10,156 1.12
2019 $8,209,112 $7,364,142 $5,052,878 $71,780 $ 855,754 $ 102,852 12.02
2018 $8,074,227 $7,294,961 $4,815,201 $29,663 $ 780,192 $ 43,018 5.51