Vitals
  • Total Assets
    243.4M 9.9 %
  • Total Deposits
    208.0M 7.7 %
  • Total Net Loans
    204.2M 21.1 %
  • Net Income
    675000.0000 28.1 %
  • Book Value
    21.2M 21.3 %
  • Book Value x2
    42.5M 21.3 %
  • Book Value x3
    63.7M 21.3 %
ROAA

1.142

ROAE

12.961

Efficiency Ratio

63.007

Net Interest Margin

4.972

Balance Sheet Highlights
Financial Highlights Midwest Guaranty Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 243,437 215,466
Total Net Loans 204,215 162,208
Total Deposits 207,991 173,108
Total Equity 21,239 21,188
Profitability
Net Income 675 3,028
Return on Average Assets 1.142 1.258
Return on Average Equity 12.961 10.721
Net Interest Margin 4.972 4.118
Efficiency Ratio 63.007 66.274
Noninterest Income/Revenue 8.821 16.865
Balance Sheet Ratios
Loan-to-Deposit 98.185 88.187
Securities/Assets .087 1.177
Total Equity/Total Assets .087 .098
Tangible Equity/Tangible Assets .087 -.414
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 20,709 19,524
Tier 2 Capital 2,758 2,091
Total Capital 23,467 21,428
Total Risk Weighted Assets 220,130 157,860
Leverage Ratio 8.76 9.631
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 9.41 13.499
Total Capital Ratio 10.66 14.73

Timeline for Midwest Guaranty Bank

Independent Bank East Michigan

Midwest Guaranty Bank was acquired by Independent Bank East Michigan 19 years

View Profile Jun 01 2004

Midwest Guaranty Mortgage Company

Midwest Guaranty Mortgage Company became a new subsidiary organization for Midwest Guaranty Bank.

View Profile Feb 01 2002

Midwest Guaranty Financial Services, Inc.

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

View Profile Oct 28 1997

Midwest Guaranty Bank

Midwest Guaranty Bank was established 35 years ago and is currently headquartered in Troy, MI.

Jan 03 1989

Midwest Guaranty Bancorp, Inc.

Midwest Guaranty Bancorp, Inc. became a new parent organization for Midwest Guaranty Bank.

View Profile Jan 03 1989
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Independent Bank East Michigan Buyer 695,545 Acquisition Discontinued 6/1/2004
Relationships Role Relationship Start Relationship End
Midwest Guaranty Bancorp, Inc. Parent 1/3/1989 5/31/2004
Midwest Guaranty Financial Services, Inc. Subsidary 10/28/1997 5/31/2004
Midwest Guaranty Mortgage Company Subsidary 2/1/2002 5/31/2004
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