Vitals
  • Total Assets
    978.5M 32.9 %
  • Total Deposits
    824.1M 34.7 %
  • Total Net Loans
    776.8M 26.7 %
  • Net Income
    6.0M -12.8 %
  • Book Value
    97.4M 16.3 %
  • Book Value x2
    194.7M 16.3 %
  • Book Value x3
    292.1M 16.3 %
ROAA

.7

ROAE

6.556

Efficiency Ratio

74.383

Net Interest Margin

4.309

Balance Sheet Highlights
Financial Highlights Mbank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 978,451 330,697
Total Net Loans 776,773 227,599
Total Deposits 824,102 278,247
Total Equity 97,358 33,935
Profitability
Net Income 6,049 3,589
Return on Average Assets .7 .954
Return on Average Equity 6.556 8.772
Net Interest Margin 4.309 3.821
Efficiency Ratio 74.383 71.925
Noninterest Income/Revenue 9.56 24.061
Balance Sheet Ratios
Loan-to-Deposit 94.257 76.845
Securities/Assets .088 .16
Total Equity/Total Assets .1 .103
Tangible Equity/Tangible Assets .09 .098
Capital Adequacy
Tier 1 Common Capital 87,542 32,553
Tier 1 Capital 87,542 32,664
Tier 2 Capital 4,979 2,479
Total Capital 92,521 35,133
Total Risk Weighted Assets 776,274 242,208
Leverage Ratio 9.24 10.341
Common Equity Tier 1 Capital Ratio 11.28 15.339
Tier 1 Capital Ratio 11.28 15.393
Total Capital Ratio 11.92 16.423

Timeline for Mbank

The First National Bank Of Niagara

Acquisition: Mbank acquired a new subsidiary, The First National Bank Of Niagara, 7 years

View Profile Sep 01 2016

The First National Bank Of Eagle River

Acquisition: Mbank acquired a new subsidiary, The First National Bank Of Eagle River, 8 years

View Profile Apr 30 2016

The Peninsula Bank Of Ishpeming

Acquisition: Mbank acquired a new subsidiary, The Peninsula Bank Of Ishpeming, 9 years

View Profile Dec 06 2014

Peninsula Insurance Agency, Inc.

Peninsula Insurance Agency, Inc. became a new subsidiary organization for Mbank.

View Profile Dec 06 2014

Mbank Title Insurance Agency, Llc

Mbank Title Insurance Agency, Llc became a new subsidiary organization for Mbank.

View Profile Sep 01 2011

Want to see more?

Complete timeline for Mbank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
The First National Bank Of Niagara Seller 68,353 Acquisition Discontinued 9/1/2016
The First National Bank Of Eagle River Seller 127,846 Acquisition Discontinued 4/30/2016
The Peninsula Bank Of Ishpeming Seller 126,389 Acquisition Discontinued 12/6/2014
North Country Bank Seller 79,267 Pooling of Interests Discontinued 3/7/1998
Bank Of Stephenson Seller 70,711 Pooling of Interests Discontinued 10/2/1995
Manistique Lakes Bank Seller 13,054 Discontinued 5/1/1986
Relationships Role Relationship Start Relationship End
Mackinac Financial Corporation Parent 4/1/1976
Peninsula Insurance Agency, Inc. Subsidary 12/6/2014
Mbank Title Insurance Agency, Llc Subsidary 9/1/2011
Mbank Mortgage Company, Llc Subsidary 1/31/2000 2/28/2009
Mbank Employee Services, Llc Subsidary 3/1/2000 2/28/2009
Ncb Real Estate Subsidary 6/30/2007 2/28/2009
Ncb Real Estate Subsidary 10/23/1996 6/29/2007
North Country Air Services Subsidary 1/8/1998 8/31/2001
American Financial Mortgage Corporation Subsidary 8/1/2000 8/16/2001
First Northern Services Company Subsidary 7/29/1997 3/18/1999
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