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 Bank Michigan
Bank Michigan
| RSSD ID 382742 | CERTIFICATE 1008 | ABA NUMBER 72407741 |
| 417 S Main St |
Quarter Ended : |
2025-03-31 |
| Brooklyn, Michigan, 49230 |
Updated : |
2025-04-30 |
| 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 | 132,273 |
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Total Interest Income | 1,991 |
| Total Liabilities | 120,644 |
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Total NonInterest Income | 471 |
| Total Bank Equity Capital | 11,629 |
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Total Interest Expense | 548 |
| Total Deposits | 113,412 |
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Total NonInterest Expense | 1,837 |
| Net Loans & Leases | 104,460 |
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Net Income | 7 |
| Loan Loss Allowance | 2,023 |
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Net Charge Offs | 603 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 13,232 |
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Total loans | 108,566 |
| Total assets for the leverage ratio | 130,426 |
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Loans secured by real estate: | 83,122 |
| Tier 1 Leverage Ratio | 9.1 |
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Commercial and industrial loans | 24,358 |
| Tier 1 Capital Ratio | 10.9 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.16 |
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Loans to individuals - Other | 1,047 |
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:· Bank Michigan
