Vitals
  • Total Assets
    110.9M 5.3 %
  • Total Deposits
    86.7M -5.4 %
  • Total Net Loans
    93.6M 12.5 %
  • Net Income
    1.2M 1.9 %
  • Book Value
    11.5M 12.5 %
  • Book Value x2
    23.0M 12.5 %
  • Book Value x3
    34.5M 12.5 %
ROAA

1.115

ROAE

11.438

Efficiency Ratio

72.515

Net Interest Margin

4.561

Balance Sheet Highlights
Financial Highlights Bank Of Michigan All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 110,938 302,864
Total Net Loans 93,553 200,350
Total Deposits 86,662 256,040
Total Equity 11,500 32,119
Profitability
Net Income 1,239 3,166
Return on Average Assets 1.115 .878
Return on Average Equity 11.438 8.077
Net Interest Margin 4.561 3.819
Efficiency Ratio 72.515 73.902
Noninterest Income/Revenue 31.609 23.847
Balance Sheet Ratios
Loan-to-Deposit 107.952 75.172
Securities/Assets .049 .183
Total Equity/Total Assets .104 .106
Tangible Equity/Tangible Assets .102 .102
Capital Adequacy
Tier 1 Common Capital 11,535 30,659
Tier 1 Capital 11,535 30,765
Tier 2 Capital 1,031 2,393
Total Capital 12,566 33,162
Total Risk Weighted Assets 95,954 216,649
Leverage Ratio 10.21 10.559
Common Equity Tier 1 Capital Ratio 12.02 16.136
Tier 1 Capital Ratio 12.02 16.201
Total Capital Ratio 13.1 17.299

Timeline for Bank Of Michigan

Level One Bank

Bank Of Michigan was acquired by Level One Bank 8 years

View Profile Mar 01 2016

Capitol Bancorp Ltd.

Capitol Bancorp Ltd. became a new parent organization for Bank Of Michigan.

View Profile Dec 31 2007

Bank Of Michigan

Bank Of Michigan was established 19 years ago and is currently headquartered in Farmington Hills, MI.

Jan 10 2005

Capitol Development Bancorp Limited I

Capitol Development Bancorp Limited I became a new parent organization for Bank Of Michigan.

View Profile Jan 10 2005
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Level One Bank Buyer 1,103,254 Acquisition Discontinued 3/1/2016
Relationships Role Relationship Start Relationship End
Capitol Bancorp Ltd. Parent 12/31/2007 7/27/2012
Capitol Development Bancorp Limited I Parent 1/10/2005 12/30/2007
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