# BANK OF NORTHERN MICHIGAN
PETOSKEY, MI · FDIC certificate 35324 · asset band $300M-1B · latest filing 2015-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $416.2M | |
| Deposits | $304.8M | |
| Loans and leases | $295.0M | |
| Total equity | $66.1M | |
| Loans / deposits | 96.81% (p81 of band) | 82.48% |
| Liquid assets / assets | 14.83% (p18 of band) | |
| Uninsured deposits / deposits | 31.85% (p83 of band) | 19.89% |
| Brokered deposits | 14.22% | |
| Wholesale funding | 24.16% (p94 of band) | |
| FHLB advances / assets | 6.76% | |
| Tier 1 leverage | 9.02% (p21 of band) | 10.12% |
| Unrealized securities loss / equity | 0.12% (p22 of band) | 1.17% |
| AOCI / equity | 0.14% (p57 of band) | |
| ROA (annualized) | 0.99% (p56 of band) | 0.92% |
| Net interest margin | 3.37% (p33 of band) | 3.59% |
| Efficiency ratio | 65.72% (p41 of band) | |
| Noncurrent loans | 0.11% (p11 of band) | 0.75% |
| Net charge-offs (annualized) | 0.01% (p33 of band) | |
| Reserve coverage of noncurrent | 0.00% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 31.36% (p45 of band) | |
| Auto loans | $94,000 (0.03% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -9.3% | |
| Employees | 40 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 4 | capital falling | construction >100% equity |
| 2011-12 | 3 |  | capital falling |
| 2012-03 | 3 |  |  |
| 2012-06 | 2 |  | reserve under noncurrent |
| 2012-09 | 2 |  |  |
| 2012-12 | 3 | assets shrinking |  |
| 2013-03 | 3 |  |  |
| 2013-06 | 4 | deposits shrinking |  |
| 2013-09 | 2 |  | assets shrinking, deposits shrinking |
| 2013-12 | 3 | capital falling |  |
| 2014-03 | 3 |  |  |
| 2014-06 | 2 |  | capital falling |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 4 | loans exceed deposits, reserve under noncurrent |  |
| 2015-09 | 4 | deposits shrinking | loans exceed deposits |

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

- 2015-01-07 [Bank of Holland merges with Chemical Financial Corp. - The Holland Sentinel](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNRC03SEhtb2xZcm9fMmhTSjJLcjJFU2F6ejRyeU9pMXdjMDZOLVZHUTRwMFNVSU8zVE9wQ1lqYlVPZ1BYMGFpTkNzRW9INlNRT3ZXcGMtMGFFWFJ1bTU5OFEyRG5tdWdYZFNNU1NFM3NHOW5pQUJQbWVWNXdxMk5ZNzVuNUpoRXBFQkRSMkt5R3lPSjl0bkdzSGVpTjlHaFpHSzEtNjFJUFZpZw?oc=5) · The Holland Sentinel
- 2019-12-04 [John Vander Velde named Chief Information Officer at Superior National Bank - The Mining Gazette](https://news.google.com/rss/articles/CBMizAFBVV95cUxQdVR3cFhKUFNtZ2tpMmdMM2pGWHd0MWJFUFdfbVpDWHlCcFF1aUlzOUlpMXFsYjJUb0ZUM1dQandESkt4dWxReTJPT2g0ZXZTVXZlR1VOZUpJTWRSR0plNW5RbDlkdzFHMVVDdHpPb1JCUmg3cmx1V2ZiZGtyVXhtdEprRmlwa1NwUEJhM2pkNy1MdVk0bFpWei0teGlCR2t3ak9ubDBGWmdWQmhLS3UtRkkzcUdObUNrQkJVcHI3RkpwRWJNRFVCOWhPMnU?oc=5) · The Mining Gazette
- 2010-08-20 [USDA Guaranteed Loans Give A Michigan Auto Parts Supplier The Ability to Add New Jobs - USDA (.gov)](https://news.google.com/rss/articles/CBMiugFBVV95cUxOcnE4eFBURjFrbjJsV1d2QmlmV2lQb29CVXoydGhhaTduWGhCU0hOemlKSnh4c0I1N2gzelpBRk42SC1aY3VGSDA1ZEZpQzFITTVPLWw5Uk5oVENOVzM4VG53Nm5JVEJSTm5Kd3ZVRE1Zb3VqbmFxUHgyZThET3hqQkY4X0ZXYUhQUGlXbDR5S3FILWNPOEN5NWRqaEFBZDlZVURiZ1N6R2VaMzZoSGQtWDFjRVhBakNtZXc?oc=5) · USDA (.gov)
- 2013-02-11 [Grow Michigan, LLC Opens for Business - CBS News](https://news.google.com/rss/articles/CBMif0FVX3lxTE5fUVlxMXpGUWdtcnhCTTRXemRvRlR3VzViaXN0YlBYRU1ST0xVQUJMZmRvc1hYcFJrQkdMU1Q1cm5XOGhvUmdwai1PdHhZcExscVpqa0pVbWpmYjlONzFDYkhtZEVYQTNuTmFEZmxjRnVFRmhpb2k1dnRjRkh5WXc?oc=5) · CBS News
- 2017-12-09 [Tom Irwin, PE - Michigan Technological University](https://news.google.com/rss/articles/CBMib0FVX3lxTE9ISUE2QXlCMklkMUtqam50cl9LLVc5X01tbE4zVDVyWks5akxiLWhlZlZXYnB6RW5pUDEydk5jTGN0bEp3M1BOZXF1aVAtT2JISFV4WGpGSVhnRzFUa1FEakhheVBFUE9uNDVQTVd0MA?oc=5) · Michigan Technological University
- 2023-11-09 [Obituary for Leo "Bill" Hoffman - Stone Funeral Home, Inc.](https://news.google.com/rss/articles/CBMibEFVX3lxTE13YnY0NXd0SzhzV2dNeU5Gd29HRWs3R0pGSzdvNnpYSXNmamtuZDhZZkRWVFItcVVWaHpjUERMT1FUcW5uM2kxVTlDMjVxRmVMcnV0RHJTRHJfd3hIdXFzV0ZNRG5oRC03VVFOdA?oc=5) · Stone Funeral Home, Inc.
- 2015-01-06 [Banks in Holland and Northern Michigan acquired by Chemical Financial Corp. for $184.1 million - MLive.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxORC1KMC1tVFhLOXNmT0hsR25vZDNlc0F5ZkJObFdQeVhNVUk0Z1l1S25UWFRwQmdOem4wWGwyWEtyTWtCQ2dfR21TOTB4dnhFUTF5TjFXQnFncWhvT3pHb1ZZMnZVZXNNdkF0Tm9yNTF1M3FLN0JrVy1CM1lkb3dXQ1VaVjJhaVJwd1J5RlFLODA?oc=5) · MLive.com
- 2010-10-12 [Bank of Holland founder Rich Lievense named Small Business Person of Year - The Holland Sentinel](https://news.google.com/rss/articles/CBMiowFBVV95cUxQTTNkMGZ4NmYzaE5BUUQ3TlJfc014M0Y1RW1jbUVvOTBITmJJaU5CbjkzRExBNnY0NndKQ2drY2RiaHhnVHc4TXNReFM0cEIzY0I4NER0ZkI4SUZYSWk5dUM3dFdUbFF2bFh4aXJ5NExVNi05TmRaV3FtN0VoU1hhQjZUM2UtUmJDQVlUb2ZrRFBpa01KUGpiUnVfVXk3X2ZMYUpn?oc=5) · The Holland Sentinel

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35324 (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/60.json (key "35324", 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