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BANK MICHIGAN

Brooklyn, MI

Latest Health Report

Latest Update: June 30, 2020

Assets
$129,329,000
Deposits
$95,566,000
Loans
$95,828,000
Loan Loss Provision
$453,000
Profit
$-775,000
Capital
$8,754,000
Reserves
$1,202,000
Past Due 90 Days
$21,000
Nonaccrual
$1,180,000
Other Real Estate Owned
$0
Capital Plus Reserves
$9,956,000
Total Troubled Assets
$1,201,000
Troubled Asset Ratio
12.06

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
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
2015 $66,891,000 $63,092,000 $47,364,000 $-1,479,000 $4,864,000 $1,897,000 39.00
2014 $77,033,000 $70,760,000 $52,441,000 $-675,000 $5,918,000 $4,126,000 69.72