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 Bank Michigan
Bank Michigan
| RSSD ID 382742 | CERTIFICATE 1008 | ABA NUMBER 72407741 |
| 417 S Main St |
Quarter Ended : |
2025-06-30 |
| Brooklyn, Michigan, 49230 |
Updated : |
2025-07-30 |
| www.bankmichigan.bank |
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| Institution Profile |
| Year Opened : |
1907 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
3 |
Number of Employees : |
39 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 131,825 |
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Total Interest Income | 4,086 |
| Total Liabilities | 119,864 |
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Total NonInterest Income | 794 |
| Total Bank Equity Capital | 11,961 |
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Total Interest Expense | 1,071 |
| Total Deposits | 112,422 |
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Total NonInterest Expense | 3,686 |
| Net Loans & Leases | 105,404 |
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Net Income | 341 |
| Loan Loss Allowance | 1,701 |
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Net Charge Offs | 604 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 13,607 |
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Total loans | 107,828 |
| Total assets for the leverage ratio | 132,699 |
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Loans secured by real estate: | 83,261 |
| Tier 1 Leverage Ratio | 9.19 |
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Commercial and industrial loans | 23,506 |
| Tier 1 Capital Ratio | 10.85 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.1 |
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Loans to individuals - Other | 996 |
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:· Bank Michigan
