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 Bank Michigan
Bank Michigan
| RSSD ID 382742 | CERTIFICATE 1008 | ABA NUMBER 72407741 |
| 417 S Main St |
Quarter Ended : |
2025-09-30 |
| Brooklyn, Michigan, 49230 |
Updated : |
2025-10-30 |
| 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 : |
41 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 141,120 |
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Total Interest Income | 6,133 |
| Total Liabilities | 123,855 |
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Total NonInterest Income | 7,082 |
| Total Bank Equity Capital | 17,265 |
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Total Interest Expense | 1,593 |
| Total Deposits | 115,241 |
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Total NonInterest Expense | 5,651 |
| Net Loans & Leases | 99,919 |
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Net Income | 5,569 |
| Loan Loss Allowance | 2,029 |
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Net Charge Offs | (573) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 18,748 |
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Total loans | 108,966 |
| Total assets for the leverage ratio | 136,564 |
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Loans secured by real estate: | 82,029 |
| Tier 1 Leverage Ratio | 12.76 |
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Commercial and industrial loans | 26,026 |
| Tier 1 Capital Ratio | 16.6 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 17.86 |
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Loans to individuals - Other | 813 |
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:· Bank Michigan
