Vitals
  • Total Assets
    206.9M 7.2 %
  • Total Deposits
    182.2M 7.7 %
  • Total Net Loans
    167.3M 17.0 %
  • Net Income
    1.0M 321.8 %
  • Book Value
    19.0M 2.5 %
  • Book Value x2
    38.0M 2.5 %
  • Book Value x3
    57.0M 2.5 %
ROAA

.523

ROAE

5.555

Efficiency Ratio

83.868

Net Interest Margin

4.523

Balance Sheet Highlights
Financial Highlights Honor Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 206,932 330,697
Total Net Loans 167,278 227,599
Total Deposits 182,205 278,247
Total Equity 18,993 33,935
Profitability
Net Income 1,047 3,589
Return on Average Assets .523 .954
Return on Average Equity 5.555 8.772
Net Interest Margin 4.523 3.821
Efficiency Ratio 83.868 71.925
Noninterest Income/Revenue 21.47 24.061
Balance Sheet Ratios
Loan-to-Deposit 91.808 76.845
Securities/Assets .087 .16
Total Equity/Total Assets .092 .103
Tangible Equity/Tangible Assets .089 .098
Capital Adequacy
Tier 1 Common Capital 18,910 32,553
Tier 1 Capital 18,910 32,664
Tier 2 Capital 1,718 2,479
Total Capital 20,628 35,133
Total Risk Weighted Assets 171,878 242,208
Leverage Ratio 9.29 10.341
Common Equity Tier 1 Capital Ratio 11 15.339
Tier 1 Capital Ratio 11 15.393
Total Capital Ratio 12 16.423

Timeline for Honor Bank

West Shore Computer Services, Inc.

West Shore Computer Services, Inc. became a new subsidiary organization for Honor Bank.

View Profile Nov 01 2006

Honor Financial Services, Inc.

Honor Financial Services, Inc. became a new subsidiary organization for Honor Bank.

View Profile Apr 10 1997

Honor Bancorp, Inc.

Honor Bancorp, Inc. became a new parent organization for Honor Bank.

View Profile Apr 01 1991

Honor Bank

Honor Bank was established 106 years ago and is currently headquartered in Honor, MI.

Jun 15 1917
Relationships Role Relationship Start Relationship End
Honor Bancorp, Inc. Parent 4/1/1991
West Shore Computer Services, Inc. Subsidary 11/1/2006
Honor Financial Services, Inc. Subsidary 6/30/2007
Honor Financial Services, Inc. Subsidary 4/10/1997 6/29/2007
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