# BANK OF MICHIGAN
FARMINGTON HILLS, MI · FDIC certificate 57861 · asset band <$300M · latest filing 2015-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $110.9M | |
| Deposits | $86.7M | |
| Loans and leases | $94.6M | |
| Total equity | $11.5M | |
| Loans / deposits | 107.95% (p96 of band) | 73.15% |
| Liquid assets / assets | 12.77% (p8 of band) | |
| Uninsured deposits / deposits | 32.54% (p93 of band) | 14.12% |
| Brokered deposits | 5.15% | |
| Wholesale funding | 16.41% (p93 of band) | |
| FHLB advances / assets | 10.82% | |
| Tier 1 leverage | 10.21% (p42 of band) | 10.64% |
| Unrealized securities loss / equity | -0.56% (p18 of band) | 0.27% |
| AOCI / equity | -0.37% (p32 of band) | |
| ROA (annualized) | 1.13% (p70 of band) | 0.82% |
| Net interest margin | 4.66% (p91 of band) | 3.64% |
| Efficiency ratio | 72.51% (p48 of band) | |
| Noncurrent loans | 0.69% (p51 of band) | 0.67% |
| Net charge-offs (annualized) | 0.19% (p84 of band) | |
| Reserve coverage of noncurrent | 159.10% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 55.82% (p83 of band) | |
| Auto loans | $172,000 (0.18% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -5.4% | |
| Employees | 27 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 2 |  | reserve under noncurrent |
| 2012-03 | 2 | losing money | wholesale funding >15% |
| 2012-06 | 3 | wholesale funding >15% |  |
| 2012-09 | 2 |  | losing money |
| 2012-12 | 2 |  |  |
| 2013-03 | 4 | charge-offs p90, reserve under noncurrent |  |
| 2013-06 | 4 |  |  |
| 2013-09 | 2 |  | brokered >10%, wholesale funding >15% |
| 2013-12 | 2 |  |  |
| 2014-03 | 1 | brokered >10% | charge-offs p90, reserve under noncurrent |
| 2014-06 | 0 |  | brokered >10% |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | deposits shrinking |  |
| 2015-09 | 0 |  | deposits shrinking |
| 2015-12 | 3 | loans exceed deposits, wholesale funding >15%, deposits shrinking |  |

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

- 2025-10-25 [Two OMP Residents to Launch New Bank – Grand Traverse State Bank - Old Mission Gazette](https://news.google.com/rss/articles/CBMif0FVX3lxTE5WZ3g3RnpmdjUtTzJIV0dOTUlNY3g4RkRPd0E4YjlXczRfRUx5U0g0MEoxYVFGdzgzXzJCQXRKT2hZczljUW9PV1AxTjYwdkV0VXZjekRiQnJ5a2dtQlZTNTJPRjEzLTV2ZWlUM290WGd6ajRsb1dQVzRQZWxPdWc?oc=5) · Old Mission Gazette
- 2025-10-27 [New banking strategy focuses on the 313 to make small business loans in Detroit - Detroit Free Press](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPaVVkanhETnJQTUR6VTdxcXR5ek1HUk9UZFBRZG5tZ3pwWmVpYXlTWlpjT3dHSlJVLXhsTlhtRUhROWJ0VGhhcmJGRnlJbGtXS1JzQ2JSU29vMXh4dG5Pbk04QnVNNlBuanZGOWlJS0J2TFdIQk5aaWhoUVp0T01XN2RnV3lsQlJKOHBJVUFpNEpLazItTUtQbnVBUjcwdnZJeDZDM3Z1ZEJKS0hzNkxKUWQ3SldsTzNwMkNiTWlkakd3aUo1X3BOcw?oc=5) · Detroit Free Press
- 2025-07-22 [Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Definitive Merger Agreement - PR Newswire](https://news.google.com/rss/articles/CBMi9gFBVV95cUxNYVdDV19waHFCVEd6cFgwdy1mOHhLb3hBTGc4MWFNTWRTRVhRTWU1RHFhRG9uQ0VWLTR1b2p5QlU1eVFiWGJPUU9TbjA1LUIxQW9xaDdBZ1hLd1VPRkJhRFRRZjYtUnZJcHEtVnIzaFczMWdMREFJczZUb05fa1UtSjlIb2tXcVRJRnBpVUNYczhBQlVMZkM5MnY2c1JRYkJaUmk2c2phTk51OV9WUmJoM0JpX3FiNzNEUlVpSmxNSlJya3I5WkN0MmNKQkxTa3E2V3pON05TTkMzai13b0RCSGdzb0poQU5xN2VqZDZaeHI3OTNBeEE?oc=5) · PR Newswire
- 2025-04-08 [Best Banks and Credit Unions in Michigan 2024 - Newsweek Rankings](https://news.google.com/rss/articles/CBMijwFBVV95cUxNemE4TFFGZFhsWDVlS2JUR2JKYzY1YzJseVY1a0hOU0ZPV3lEZFBYSExYYTdpS245ZURXUUJzVi02Y041ZDFfLUY4SWhIUUlvMl9FVGlRc04wQm5HbHRBWDREejBYQUs4MEs2WGFCci1UdWxXc3JESDAxX0M2cmNnLWxlVEcwdTdTRHd0OUdYaw?oc=5) · Newsweek Rankings
- 2024-01-28 [Mercantile Bank of Michigan (MI) Review | Review, Fees, Offerings - SmartAsset](https://news.google.com/rss/articles/CBMikgFBVV95cUxQdE1nbno5dVFQUWpiS0Fwa2pxdFZkVXhRSnh6SzRJTjBhV3hrTS14VXlIa2o2aUktaTdJWU85TmtkYVZodEV1OGVtUGF2NXRoczN3bENfa0wtci0yV3owQ2RXV0M3UG1hUHJsUG5NaC1RY094QURvNjJ6TU4wUjV2bHlqTmxwRUUwNGNROFJUM2U3UQ?oc=5) · SmartAsset
- 2016-09-30 [Michigan's 20 largest banks, ranked by deposits - MLive.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxPbVp4T3dMRnJBWTJ1enVzWkxyYllLOUlCelVhRzc3Tk1Dd3JyWjBYZkdDQWlycmVVQUZOWkJlT2h5Qmh0OXZtRXlENzRDS0dESkR5UDEyRHBDNGZYVTJNSlhDTUFWai1uS3RGdy0zemtZQ05wUVpxYkNMcTJXMWw4ZWd5VVEyYTJ3ekhqV3RvNEZoUQ?oc=5) · MLive.com
- 2012-07-01 [Young Investors Claim 51 Percent of Farmington Hills-Based Bank - Patch](https://news.google.com/rss/articles/CBMipwFBVV95cUxNenl6eGhJV2dKa0ljaFVld3V3c3BZSm5NZmZibDRXSnd3Z2VTeHk0bGZMT0N6VXQ4cW9CZ0QyT2JXT0t5c1FWZDlIVEIwZGFVUTRndHNjYTdYUFdhMFBzalRXY1BrTzNFY01CZTZzOUlyZGNsOWN5QjF4dkRvcTgxM3VpUi1ycEVJa3FweVFDYS1GQWdQdXFSZkc0S0hXRzNtRzlPU0g1QQ?oc=5) · Patch
- 2011-08-18 [George Cress Obituary - Ann Arbor, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxOSzc1WEM5V3ZlNmpmU3BGZHVJNDF5NjBKRC03U2FuRWo4aGpKcDAtX1RnbVlUTVE5bTQtU3RxNlNQMEdDVS1GRUd6bXE5RUlrR0prOFY5SHd1dHp1Snd3bjdtRWZkN1hkYzY4VjFNNkctbndZR1IxRFhCV2lpX2N6TnhB?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57861 (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/5.json (key "57861", 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