The Bank Of Northern Michigan Financial Statements & Health Reports

Acquired Nov 2015

Vitals

Total Assets

416.2M 1.0 %
Total Deposits

304.8M -9.3 %
Total Net Loans

295.0M 5.8 %
Net Income

3.0M 40.7 %
Book Value

66.1M 99.8 %
Book Value x2

132.2M 99.8 %
Book Value x3

198.3M 99.8 %

ROAA

2.221

ROAE

17.835

Efficiency Ratio

66.996

Net Interest Margin

7.468

Balance Sheet Highlights

Financial Highlights	The Bank Of Northern Michigan	All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets	416,219	294,848
Total Net Loans	295,036	193,945
Total Deposits	304,759	248,095
Total Equity	66,087	32,161
Profitability
Net Income	3,007	2,289
Return on Average Assets	2.221	.875
Return on Average Equity	17.835	8.078
Net Interest Margin	7.468	3.828
Efficiency Ratio	66.996	72.796
Noninterest Income/Revenue	9.109	23.41
Balance Sheet Ratios
Loan-to-Deposit	96.81	74.947
Securities/Assets	.067	.171
Total Equity/Total Assets	.159	.109
Tangible Equity/Tangible Assets	.079	.104
Capital Adequacy
Tier 1 Common Capital	34,748	29,356
Tier 1 Capital	34,748	29,501
Tier 2 Capital	176	2,250
Total Capital	34,924	31,738
Total Risk Weighted Assets	320,909	209,150
Leverage Ratio	9.02	10.531
Common Equity Tier 1 Capital Ratio	10.83	15.848
Tier 1 Capital Ratio	10.83	15.933
Total Capital Ratio	10.88	17.03

Timeline for The Bank Of Northern Michigan

Chemical Bank

The Bank Of Northern Michigan was acquired by Chemical Bank 8 years

View Profile Nov 14 2015

Chemical Financial Corporation

Chemical Financial Corporation became a new parent organization for The Bank Of Northern Michigan.

View Profile Jun 01 2015

Tbonm Equipment Finance, Llc

Tbonm Equipment Finance, Llc became a new subsidiary organization for The Bank Of Northern Michigan.

View Profile Nov 26 2013

Bank Of Northern Michigan Mortgage Company, Llc, The

Bank Of Northern Michigan Mortgage Company, Llc, The became a new subsidiary organization for The Bank Of Northern Michigan.

View Profile Jan 01 2002