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FIXnotes

LAKE MICHIGAN

CU

Grand Rapids, MI

Total Assets
$16.9B
Total Loans
$13.4B
LAKE MICHIGAN in MI reported a Texas ratio of 3.0% in Q1 2026, down -0.4pp from the prior quarter. Nonperforming assets accounted for 0.43%, a decline of -0.05pp.

Portfolio composition

CategoryBalance% of totalNPL %Charge-off %
1-4 family — 1st lien$8.2B61.1%
1-4 family — junior lien$957M7.2%
Multifamily$277M2.1%
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20-quarter trend panels

See how Texas Ratio, NPL %, and charge-offs evolved across the last 5 years.

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Peer cohort comparison

Benchmark against banks in the same size and geography cohort.

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Full portfolio composition

Every loan category, NPL ratio, and charge-off rate — beyond the top 3.

Michigan mortgage-note market & lender distress →