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NORTHLAND AREA

Alpena, MI

Latest Health Report

Latest Update: Dec. 31, 2022

Assets
$674,341,832
Deposits
$602,613,918
Loans
$466,442,634
Loan Loss Provision
$ 244,741
Profit
$4,986,924
Capital
$60,439,404
Reserves
$6,093,978
Past Due 90 Days
$ 1,293,498
Other Real Estate Owned
$72,336
Capital Plus Reserves
$ 66,533,382
Total Troubled Assets
$ 1,365,834
Troubled Asset Ratio
2.05

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 $674,341,832 $602,613,918 $466,442,634 $4,986,924 $ 66,533,382 $ 1,365,834 2.05
2021 $631,184,451 $542,076,539 $403,009,624 $6,265,201 $ 61,900,693 $ 977,987 1.58
2020 $538,946,792 $468,670,189 $370,647,758 $3,560,762 $ 54,725,347 $ 827,648 1.51
2019 $454,926,378 $374,348,662 $370,029,628 $2,888,711 $ 50,309,546 $ 2,129,794 4.23
2018 $411,969,555 $352,728,585 $333,979,759 $3,304,984 $ 47,239,893 $ 2,423,298 5.13