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BANK MICHIGAN

Brooklyn, MI

Latest Health Report

Latest Update: March 31, 2022

Assets
$114,199,000
Deposits
$102,306,000
Loans
$93,907,000
Loan Loss Provision
$ 59,000
Profit
$55,000
Capital
$10,175,000
Reserves
$977,000
Past Due 90 Days
$ 1,000
Nonaccrual
$601,000
Other Real Estate Owned
$0
Capital Plus Reserves
$ 11,152,000
Total Troubled Assets
$ 602,000
Troubled Asset Ratio
5.40

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2021 $117,224,000 $105,771,000 $86,700,000 $540,000 $ 11,123,000 $ 614,000 5.52
2020 $117,935,000 $101,120,000 $87,467,000 $-177,000 $ 10,734,000 $ 1,091,000 10.16
2019 $102,271,000 $83,381,000 $75,458,000 $489,000 $ 10,549,000 $ 928,000 8.80
2018 $102,449,000 $84,374,000 $75,852,000 $68,000 $ 10,719,000 $ 1,173,000 10.94
2016 $70,874,000 $62,249,000 $48,609,000 $-1,428,000 $ 8,610,000 $ 2,296,000 26.67