# OLD MISSION BANK
SAULT SAINTE MAR, MI · FDIC certificate 35303 · asset band <$300M · latest filing 2023-06 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 4 (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 | $123.9M | |
| Deposits | $107.3M | |
| Loans and leases | $53.7M | |
| Total equity | $10.0M | |
| Loans / deposits | 49.33% (p23 of band) | 68.34% |
| Liquid assets / assets | 50.19% (p74 of band) | |
| Uninsured deposits / deposits | 18.33% (p47 of band) | 19.21% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.29% (p56 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.94% (p59 of band) | 11.20% |
| Unrealized securities loss / equity | -68.92% (p14 of band) | -21.45% |
| AOCI / equity | 2.75% (p83 of band) | |
| ROA (annualized) | 0.24% (p11 of band) | 0.98% |
| Net interest margin | 2.76% (p15 of band) | 3.56% |
| Efficiency ratio | 92.16% (p90 of band) | |
| Noncurrent loans | 0.10% (p42 of band) | 0.19% |
| Net charge-offs (annualized) | 0.00% (p65 of band) | |
| Reserve coverage of noncurrent | 1455.56% | |
| Real estate % of loans | 78% | |
| Construction % of loans | 15.27% (p44 of band) | |
| Auto loans | $2.3M (4.34% of loans; DQ 0.26%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -9.1% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 2 | uninsured deposits leaving |  |
| 2012-09 | 3 | deposits shrinking, assets shrinking | reserve under noncurrent |
| 2012-12 | 1 |  | deposits shrinking, assets shrinking |
| 2013-03 | 1 | reserve under noncurrent | uninsured deposits leaving |
| 2013-06 | 2 | capital falling |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 1 |  | capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2014-12 | 0 |  | reserve under noncurrent, deposits shrinking, uninsured deposits leaving |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | reserve under noncurrent |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | reserve under noncurrent |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | reserve under noncurrent |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 1 |  | capital falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 | charge-offs p90 | reserve under noncurrent |
| 2020-06 | 1 | capital falling | charge-offs p90 |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | AOCI drag >20% of equity |  |
| 2022-06 | 4 | securities losses >30% of equity, assets shrinking, uninsured deposits leaving |  |
| 2022-09 | 3 | expense ratio p90 | assets shrinking, uninsured deposits leaving |
| 2022-12 | 5 | deposits shrinking, assets shrinking |  |
| 2023-03 | 4 |  | AOCI drag >20% of equity |
| 2023-06 | 4 |  |  |

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

- 2023-01-11 [Michigan credit union eyes bank in sector’s 1st tie-up of 2023 - Banking Dive](https://news.google.com/rss/articles/CBMiogFBVV95cUxQTzdZX0dLVGR6Qkpub3ZTWWY4SzdybUZkOGlneU9qQlZweUxRWXZQTXo0NktRWl9QbDg3SFNSRGZ4Z09iZnN2cWpkeHdtRWVvU3FQQ3FPejc2UHY4WURhNWRHd0xSLS10OGRnTzdIQXZYWkJZMDA4RFNlUXVzTGgxY3cyVlQ4enZ4ZjhVUnZQTy1Zc1pEZGJEUlpmWS1tNXJicXc?oc=5) · Banking Dive
- 2023-01-10 [Michigan credit union is first to announce bank acquisition in 2023 - American Banker](https://news.google.com/rss/articles/CBMitwFBVV95cUxQaFZpRFpmSU5DU19XaS0xeHZXbk01b3VlNmZtNDZ2NXpvNUdpWHI4aHJ1LTkxWmUyNi1xV0FEZHFwQ1pVZWFMT0J2Z2kwX2NsOFV3U3pab2UxMUtKSmI1M0JzdnE4N1BDOEtXSlRGbWxzaUVMVkxzYzRVVVZnQ0w2SEthMVRkTTRFN1hPWlNxV1R1SzA4a3pkMWxyOENHVHRaWHllZ3RMU3F1bzRXU2podUtGZWd6WUE?oc=5) · American Banker
- 2019-04-28 [Old Mission Bank announces promotions - Sault Ste. Marie Evening News](https://news.google.com/rss/articles/CBMipAFBVV95cUxNdmM4QnljcFh6NHRyMGtvRVlna1dVal9MUDJCQkgxb25NVGtNWFg2R3ZxX1M4NEt0U0d0TGQwdjhCVE1ibHFDRDlPZS1CV0ZnNWlKaC0zLXA3Vm04NHFRVk9KRHBveWJoRmxlMEpQYlIzYktpWXpuV3FmTHpVSlRqZVR2RFNHcTM2T0V2VXBjRE9td00zZVVGUGFKTmZWSlF4dnd4aA?oc=5) · Sault Ste. Marie Evening News
- 2019-10-16 [U.P. Man To Serve As Banking Association Chairman - radioresultsnetwork.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxORE5hTG0wcERhLUE4ZElnUlJrYzFub3A5c1VtVU9USkhYSW5HODFiVVA0Vzl3SF9LX2laMXRwZVF2WnIxRUlGNWFiMWM0NXZoS3hUQmNhaWxCTGsyOG5aVFZiQmNieWJhRnVRaWZSVjZtVUNsWmdPVlNVcXB0QnJ0bWN4YlhOMlV4cHhhbVNiMW5LZk1FQVNPUkNORGc?oc=5) · radioresultsnetwork.com
- 2026-07-28 [Steven Joseph Cannello - legacy.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxOZEhiQnlLZkdlTGhoblhBRi1tZnJpV3BHTkZ0VXFvYjNocEJqbnhTb3h5eGFDR2RsU1ZESndhdWdwOVFqdUlzVHNXQW9OWFZjV0FwaDVVNUF3eFZyVjY5eUNQVUVQSjZyVUpzOWJnRkZmVGZhXzVWOE92UkpUY19hQ2hhQW8?oc=5) · legacy.com
- 2023-06-02 [Alabama credit union to buy SunSouth Bank - Banking Dive](https://news.google.com/rss/articles/CBMiigFBVV95cUxNYmpTanBwQW5EUklDdjZIV1JFSVdwYTV5SHByM1RQWjJ6aFRyb3ZoNXZ4NWM5UGkzY08xNlBDa09ZYUkwQVVOaGQwN1phR1hQMFF3bVhOWUVuNzJuMTI1eXRRMTRZVlFpZ19ZMHBPNkJhazU5Wm45WG1oaDdpeC1sanNpbFFjN21tWUE?oc=5) · Banking Dive
- 2014-06-16 [Ivan Glen Hartman Obituary - Visitation & Funeral Information - familylifefh.com](https://news.google.com/rss/articles/CBMibEFVX3lxTE1Td0ZtbTRCdXgxYzV2UDgxbF94MXlZM2VhT3dhZ3d3N0g5X1pFOC1jd3lIVzFNY2VsMTY5UExiOWZzbllqdm00NGFsYXYybzdFX3JwQklIcGw3VGNTSmRmSnM2ZVhzN3FBcGhKTQ?oc=5) · familylifefh.com
- 2023-01-24 [I-500 buttons, buttons, who's got the buttons? - sooleader.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxOSkNidzh5RVJUOUJKMHVXcmVUaS1tOHJkSmh5ZzdwNVItaFBsSWVTM0NQWFRaX01INjFBaUxZcUxERXA2cm1sWHVNTFhBQmhtZnpidmhQa1ozN09jaGJzX1FPamllWEQya0JMcGNKcERmaF9WVTBoZjh2UTdvYi05MmtILWpuT0VtWlFWRVhYUVU?oc=5) · sooleader.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35303 (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/39.json (key "35303", 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.

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