# BANK MICHIGAN
BROOKLYN, MI · FDIC certificate 1008 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *lender to lenders*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $176.0M | |
| Deposits | $144.9M | |
| Loans and leases | $143.3M | |
| Total equity | $19.4M | |
| Loans / deposits | 97.75% (p89 of band) | 73.59% |
| Liquid assets / assets | 15.69% (p13 of band) | |
| Uninsured deposits / deposits | 18.68% (p46 of band) | 19.81% |
| Brokered deposits | 6.67% | |
| Wholesale funding | 11.92% (p87 of band) | |
| FHLB advances / assets | 5.26% | |
| Tier 1 leverage | 11.25% (p43 of band) | 11.76% |
| Unrealized securities loss / equity | -0.86% (p79 of band) | -6.57% |
| AOCI / equity | -0.14% (p62 of band) | |
| ROA (annualized) | 0.67% (p24 of band) | 1.17% |
| Net interest margin | 4.56% (p78 of band) | 3.93% |
| Efficiency ratio | 83.61% (p83 of band) | |
| Noncurrent loans | 1.03% (p71 of band) | 0.36% |
| Net charge-offs (annualized) | -0.30% (p1 of band) | |
| Reserve coverage of noncurrent | 112.63% | |
| Real estate % of loans | 69% | |
| Construction % of loans | 19.77% (p53 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $19.8M (102% of equity) (p100 of band) | |
| Deposits YoY | 28.9% | |
| Employees | 42 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 2 | capital falling, reserve under noncurrent |  |
| 2012-09 | 1 |  | capital falling |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 2 | noncurrent p90 |  |
| 2013-09 | 4 | losing money, charge-offs p90 |  |
| 2013-12 | 6 | capital falling, expense ratio p90 |  |
| 2014-03 | 2 |  | losing money, charge-offs p90, capital falling, expense ratio p90 |
| 2014-06 | 3 | expense ratio p90 |  |
| 2014-09 | 6 | leverage <7%, losing money, charge-offs p90 |  |
| 2014-12 | 7 | capital falling |  |
| 2015-03 | 3 |  | noncurrent p90, losing money, charge-offs p90, capital falling |
| 2015-06 | 4 | losing money |  |
| 2015-09 | 7 | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2015-12 | 10 | capital falling, noncurrent p90, reserve under noncurrent |  |
| 2016-03 | 9 |  | capital falling |
| 2016-06 | 8 |  | uninsured deposits leaving |
| 2016-09 | 11 | leverage <5%, capital falling, uninsured deposits leaving | noncurrent p90 |
| 2016-12 | 5 | noncurrent p90 | leverage <7%, deposits shrinking, assets shrinking, leverage <5%, capital falling, uninsured deposits leaving |
| 2017-03 | 6 | uninsured deposits leaving |  |
| 2017-06 | 6 | capital falling | noncurrent p90 |
| 2017-09 | 5 |  | uninsured deposits leaving |
| 2017-12 | 4 |  | capital falling |
| 2018-03 | 5 | brokered >10%, wholesale funding >15% | charge-offs p90 |
| 2018-06 | 5 |  |  |
| 2018-09 | 6 | capital falling |  |
| 2018-12 | 5 |  | losing money |
| 2019-03 | 5 |  |  |
| 2019-06 | 5 |  |  |
| 2019-09 | 4 |  | capital falling |
| 2019-12 | 4 |  |  |
| 2020-03 | 6 | capital falling, losing money, charge-offs p90 | brokered >10% |
| 2020-06 | 5 | loans exceed deposits | reserve under noncurrent, charge-offs p90 |
| 2020-09 | 5 | reserve under noncurrent | capital falling |
| 2020-12 | 2 |  | wholesale funding >15%, loans exceed deposits, reserve under noncurrent |
| 2021-03 | 2 | reserve under noncurrent | losing money |
| 2021-06 | 1 | assets shrinking | expense ratio p90, reserve under noncurrent |
| 2021-09 | 0 |  | assets shrinking |
| 2021-12 | 1 | expense ratio p90 |  |
| 2022-03 | 2 | charge-offs p90, assets shrinking | expense ratio p90 |
| 2022-06 | 2 | losing money, expense ratio p90 | charge-offs p90, assets shrinking |
| 2022-09 | 4 | capital falling, deposits shrinking, assets shrinking | losing money |
| 2022-12 | 1 |  | capital falling, deposits shrinking, assets shrinking |
| 2023-03 | 3 | losing money, deposits shrinking |  |
| 2023-06 | 5 | noncurrent p90, reserve under noncurrent |  |
| 2023-09 | 5 | capital falling | deposits shrinking |
| 2023-12 | 5 | charge-offs p90 | capital falling |
| 2024-03 | 4 |  | charge-offs p90 |
| 2024-06 | 3 |  | noncurrent p90 |
| 2024-09 | 4 | capital falling, charge-offs p90 | reserve under noncurrent |
| 2024-12 | 8 | brokered >10%, wholesale funding >15%, noncurrent p90, reserve under noncurrent |  |
| 2025-03 | 5 |  | expense ratio p90, losing money, capital falling |
| 2025-06 | 4 | expense ratio p90 | brokered >10%, wholesale funding >15% |
| 2025-09 | 2 |  | charge-offs p90, expense ratio p90 |
| 2025-12 | 1 |  | noncurrent p90 |
| 2026-03 | 0 |  | reserve under noncurrent |
| 2026-06 | 2 | capital falling, loans-to-lenders >50% equity |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-01 [Fifth Third Bank to close 75 Michigan branches, including former Comerica locations - clickondetroit.com](https://news.google.com/rss/articles/CBMi0gFBVV95cUxNTHVyX3o1RFdqdG9jLWh2QXRWRHczV1VmcDRXdzZyU1lrQ2NKYmw4VllDYUV0bmN2V09HUGtCekVBNkpEaG16WXRCTXk5bGFaMXV5eGRIWjBPZkhzbWJwWGFnR1R2cnhCaWloeDdRLTZFUndmampqeWw1WHloRkJCMHJPQXBvd2lRZGdhM1VCMnZuRnp5RnhuSzVCcnhlR3FtaFppM216aHppTklHM2xQV2lnWm5sdXVFNm5pQTM0ejIwaWVGSFlSb281enBvVWxYMVE?oc=5) · clickondetroit.com
- 2021-04-21 [Independent Bank (MI) | IBCP Stock Price, Company Overview & News - Forbes](https://news.google.com/rss/articles/CBMiY0FVX3lxTE5TR1pIN2RxTG5URU81a0ZZRk12NFlfeVIwMUllSWF5QURmNlk1UmszSFAyVEx6OHhiSUdBWjRYd2t3Tkd3dm1ZRXZrMWxvOTljeDdlVjhOTHp1dmRSQ29GdVM1UQ?oc=5) · Forbes
- 2025-04-28 [Bank Michigan to open new branch in Manchester this summer - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2019-01-02 [De Novo for the New Year: Mi BANK Teams Up with Fiserv - Finovate](https://news.google.com/rss/articles/CBMigAFBVV95cUxOS0s1dXM1ZFBGd1BqZ0VVd0llcXV2c25MTlNRUTA1TTRNV3ItUndqb1U4TVZJaDUyUXZlbF9qQklvS0JiaVJZM2Vla3B6dWVjV2V6SWpvc3RYekg4Q2sweGl5eGVRaHBwUENuLTd2aW04WHd2VnEyV1NrcFRPbVNWdA?oc=5) · Finovate
- 2025-05-05 [New bank coming to Manchester - The Manchester Mirror](https://news.google.com/rss/articles/CBMifkFVX3lxTE5kR0pfWThxUnVLUjRET2twRTRHdE9pLTR2ZXNUeHNtdHZ6alZyN3otQ0dsMVZWYzRjM1JWMjhnYzdWZER3SkdCZWMza04yM1ljVC0wYTNGYlQzUkU4WWxqZjU4c1VfR01EdmloVWM2LWpLQWlBcGhlS3lQVE9IQQ?oc=5) · The Manchester Mirror
- 2025-04-25 [Bank Michigan Expands to Manchester, Continuing Over 100 Year Legacy - The Sun Times News](https://news.google.com/rss/articles/CBMinAFBVV95cUxPOFNVX1FxOFVabDlSa2dGNVBmd3pPbUpIVlkxNWs0Ymo4RUJCbmtZbVF1M3ZHQlFyLTNtbURYVmtDS21Wa3FqbkFPSXN5Xy1FQnZ3RmlOdDYybUw1MGVVbWpoblZac3RPZzNSQUdVNEpCNlp6VlEzdjRRalVuT0g2Zjl2aUlJMmlFSkxtd1Eybkg2ZXFCaVFTTU5RNmk?oc=5) · The Sun Times News
- 2016-06-23 [CONTACT: TCF Bank: Independent Bank Corporation: - SEC.gov](https://news.google.com/rss/articles/CBMikAFBVV95cUxQY1Bta08wT1czMHhsMmNDV2VWeEJMa2dFVzViSk9DaXVhblA4Zjd5WW9zeW1qdy1faF9FTk1hdzZleTlqVVY4X3lxdE5MWVJEa0RMRG80OXNqN2RlSmQ0WVNENjVrVGhjUms3NmROVWpRU0Z0QldNWVJJY3FuQnRuRzBLLUdFeXpGOEZZMlBza1o?oc=5) · SEC.gov
- 2024-10-23 [OXFORD BANK CORPORATION ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION - PR Newswire](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPVjNYRGFSN3lOMVp1S3ZfUlZkakV0MmVjblZfX2VJcDBYN1JmSjlocnFIZm5SWHljbnhkY2ZjREFZQUd1aUFtZDVpMGFIaF9kNklRLXhBLWd0M21telBmWnRFWGxiYnNiNjlXeVdtVkprTG50dVNkekdKZXZNZjdnQVNVa3dPNXZuM1hYS1hoOVRZWFU2WUhhdkRxRFNuYlgtVUpjTHJCemVrUU5PNTBrZEd4WVdJRDE5WTFiRExZeEJMUQ?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1008 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/48.json (key "1008", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide