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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
| 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 |