Vitals
  • Total Assets
    167.7M -11.0 %
  • Total Deposits
    149.1M -6.3 %
  • Total Net Loans
    115.0M -20.6 %
  • Net Income
  • Book Value
    5.9M -60.4 %
  • Book Value x2
    11.9M -60.4 %
  • Book Value x3
    17.8M -60.4 %
ROAA

ROAE

Efficiency Ratio

127.253

Net Interest Margin

2.086

Balance Sheet Highlights
Financial Highlights Michigan Heritage Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 167,710 248,367
Total Net Loans 115,025 181,516
Total Deposits 149,065 198,409
Total Equity 6,362 23,279
Profitability
Net Income — 458
Return on Average Assets — 1.252
Return on Average Equity — 8.56
Net Interest Margin 2.086 3.632
Efficiency Ratio 127.253 80.184
Noninterest Income/Revenue 2.492 14.226
Balance Sheet Ratios
Loan-to-Deposit 77.164 88.172
Securities/Assets .128 .475
Total Equity/Total Assets .038 .094
Tangible Equity/Tangible Assets .035 -.112
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 2,360 21,452
Tier 2 Capital 1,783 2,715
Total Capital 4,143 23,751
Total Risk Weighted Assets 139,542 187,182
Leverage Ratio 1.39 9.703
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 1.69 13.408
Total Capital Ratio 2.97 14.62

Timeline for Michigan Heritage Bank

Level One Bank

Michigan Heritage Bank was acquired by Level One Bank 15 years

View Profile Apr 25 2009

Mhb Help, Llc

Mhb Help, Llc became a new subsidiary organization for Michigan Heritage Bank.

View Profile May 07 2004

Mhb Financial, Llc

Mhb Financial, Llc became a new subsidiary organization for Michigan Heritage Bank.

View Profile Jul 15 2003

Mhb Leasing, Inc.

Mhb Leasing, Inc. became a new subsidiary organization for Michigan Heritage Bank.

View Profile Feb 15 2001

Michigan Heritage Insurance Agency, Inc.

Michigan Heritage Insurance Agency, Inc. became a new subsidiary organization for Michigan Heritage Bank.

View Profile May 27 1998

Want to see more?

Complete timeline for Michigan Heritage Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Level One Bank Buyer 1,103,254 Failure 4/25/2009
Relationships Role Relationship Start Relationship End
Michigan Heritage Bancorp, Inc. Parent 4/3/1997 4/24/2009
Michigan Heritage Securities, Inc. Subsidary 6/30/2007 4/24/2009
Michigan Heritage Title, Inc. Subsidary 6/30/2007 4/24/2009
Michigan Heritage Insurance Agency, Inc. Subsidary 6/30/2007 4/24/2009
Mhb Leasing, Inc. Subsidary 6/30/2007 4/24/2009
Mhb Help, Llc Subsidary 5/7/2004 4/24/2009
Mhb Financial, Llc Subsidary 7/15/2003 12/31/2007
Michigan Heritage Securities, Inc. Subsidary 10/2/1997 6/29/2007
Michigan Heritage Title, Inc. Subsidary 8/12/1997 6/29/2007
Michigan Heritage Insurance Agency, Inc. Subsidary 5/27/1998 6/29/2007
Mhb Leasing, Inc. Subsidary 2/15/2001 6/29/2007
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