# MAIN STREET BANK
BINGHAM FARMS, MI · FDIC certificate 57878 · asset band $300M-1B · latest filing 2020-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $323.0M | |
| Deposits | $258.0M | |
| Loans and leases | $286.6M | |
| Total equity | $49.3M | |
| Loans / deposits | 109.82% (p96 of band) | 77.21% |
| Liquid assets / assets | 2.64% (p0 of band) | |
| Uninsured deposits / deposits | 43.06% (p90 of band) | 24.45% |
| Brokered deposits | 2.99% | |
| Wholesale funding | 6.49% (p67 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.43% (p40 of band) | 9.86% |
| Unrealized securities loss / equity | 0.12% (p13 of band) | 2.64% |
| AOCI / equity | 0.13% (p17 of band) | |
| ROA (annualized) | 1.90% (p92 of band) | 1.08% |
| Net interest margin | 4.34% (p93 of band) | 3.52% |
| Efficiency ratio | 66.09% (p57 of band) | |
| Noncurrent loans | 0.33% (p38 of band) | 0.49% |
| Net charge-offs (annualized) | 0.01% (p40 of band) | |
| Reserve coverage of noncurrent | 347.85% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 23.81% (p37 of band) | |
| Auto loans | $714,000 (0.25% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 9.7% | |
| Employees | 97 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, leverage <7% |  |
| 2011-06 | 2 |  | leverage <7% |
| 2011-09 | 2 |  |  |
| 2011-12 | 1 |  | wholesale funding >15% |
| 2012-03 | 1 |  |  |
| 2012-06 | 2 | liquid assets <10% |  |
| 2012-09 | 4 | loans exceed deposits, wholesale funding >15% |  |
| 2012-12 | 3 |  | liquid assets <10% |
| 2013-03 | 2 | charge-offs p90 | loans exceed deposits, wholesale funding >15% |
| 2013-06 | 1 |  | charge-offs p90 |
| 2013-09 | 2 | wholesale funding >15% |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 | capital falling | wholesale funding >15% |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 4 | loans exceed deposits, wholesale funding >15%, liquid assets <10% |  |
| 2014-12 | 5 | capital falling |  |
| 2015-03 | 4 |  | capital falling |
| 2015-06 | 4 |  |  |
| 2015-09 | 4 |  |  |
| 2015-12 | 4 |  |  |
| 2016-03 | 2 |  | loans exceed deposits, wholesale funding >15% |
| 2016-06 | 3 | charge-offs p90 |  |
| 2016-09 | 2 |  | brokered >10% |
| 2016-12 | 2 | loans exceed deposits | charge-offs p90 |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | expense ratio p90 |  |
| 2018-06 | 4 | capital falling |  |
| 2018-09 | 3 |  | expense ratio p90 |
| 2018-12 | 2 |  | capital falling |
| 2019-03 | 5 | brokered >10%, losing money, expense ratio p90 |  |
| 2019-06 | 5 | wholesale funding >15%, capital falling | brokered >10%, losing money |
| 2019-09 | 4 |  | expense ratio p90 |
| 2019-12 | 6 | brokered >10%, expense ratio p90 |  |
| 2020-03 | 5 | NIM <2.5%, reserve under noncurrent | wholesale funding >15%, brokered >10%, expense ratio p90 |
| 2020-06 | 4 | wholesale funding >15% | capital falling, NIM <2.5% |
| 2020-09 | 2 |  | reserve under noncurrent, wholesale funding >15% |
| 2020-12 | 2 |  |  |

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

- 2026-03-24 [KeyBank’s Presence in Western Michigan Grows with Opening of New Office and Community Support in Grand Rapids - CSRwire](https://news.google.com/rss/articles/CBMirAFBVV95cUxOMl9jR1U3UHdpM0dhVmZpMGFBMjJLekVTSEFrNjgxdy1PYXV3OXh0ZkFuQ1Axcjl2RzMyZC1MaWNfeU1DYXlIaHhONGFSVHY5S3hiMEpVajFYLV9UcnplRmw2ZWJRRDRkeG85OEs2bUxPbE9xa1habEYwZUZuMFZtZnk3V2xhYWItSUppLTN2TnRMaUltbHZpeHJfd2tweW5ITEhVdy1EbWgwbXc4?oc=5) · CSRwire
- 2026-09-09 [Historic Main Street bank building on the market - The Ellsworth American](https://news.google.com/rss/articles/CBMi3wFBVV95cUxOLTU1TGpxV05FVjk2ZERXV3ZQSkNnQ2FkQnY3UzFXZFRVeXE0ODRaNlJERVZOejR6Q1AtVDNVa2J3cVZoNG9aOEUxV0xIbE51UTUya2s2eEFCR3FENUlOSEN6VkZGYno1dlQ0Z0ZxRndKTmxsTHpNam9UcDRwckE1QUJhZG1rNXJVOEVRNEhqZkYxVW5Tdk1RMk01ZVd6c3RCdEdDUDRpZUJ3el9TRmtvTDlzWWxRaTlCdkNrNmc2Sjh2ai1zcnRyb3FuVDZNaG1SWjNfXzhqWE9oZEZxZzFZ?oc=5) · The Ellsworth American
- 2009-03-01 [Main Street National Bank - MonitorDaily](https://news.google.com/rss/articles/CBMicEFVX3lxTFBVT0VCd0JTQVAxbTZJUGZwcks1eVZwazJuX0lpOTlGS0pXYWFUU0daa0loMGVuOExRVURVanBTRHh5YjJObGZJaXdTV1d5V2lNd3dZMnRzUzlrdXM2cTFDdVh3TnpYTmFVeWQtSVE0VlQ?oc=5) · MonitorDaily
- 2019-09-18 [Superior National Buying Main Street Bank - Smart Business Dealmakers](https://news.google.com/rss/articles/CBMingFBVV95cUxPYzJXNVVuRjZiaXJ0Zk5KSXV5b2JfYlgxdkpTeWtRc19abjc0RE50bE9NeWhhMFBmc0JvRWVmSzVqb3hnN2JOWW5nZU5SQ21NUndoWHptY09iRWM3MFFOa3Zyc3pKWXBFc2lfelRpbS1YaDVJNE9kbUZfMDQ5Sm5sVXQySzdpSFJveHpleS1ISzlsY3dMcG8xWWRYSFc2QQ?oc=5) · Smart Business Dealmakers
- 2020-10-16 [Jeffrey J. Woda Joins Main Street Bank Board - - The Intelligencer](https://news.google.com/rss/articles/CBMiogFBVV95cUxOclJIZUZIenlHOHJkSTVxYkpzRFFxVGU4eHdVRHptQ3pIdDk0Z1hPc2xJNjJJTk9TWjROMi1PSEVKVlZlcjUyX05qakdxdWczS0dsVnlyUHpCYjcwY2FTX1JnTWtMeVNJdTV2RzNHVkNOQS1pT0F0WEl5RlJQdnNydXFZYzdLMUExTHFjOUVnMXFzTklfelJBNG50b3JFZWRvTWc?oc=5) · The Intelligencer
- 2022-09-11 [KeyBank plans new permanent office in downtown GR - Crain's Grand Rapids](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPQzBOeXJkSjJOUzNCYldnVEJDQ3JHMXdrbDJwZ2syV3BCN0tPeDZUb016ZXQ5eEFkY09jV1pab1llbXpiNWFJcWFBdXFFSFcwdW5HcDVENU1xbW5laTlHOUR4SW8xYXZkVklxYjNjM3NyOTkzTWRsbk5qTkNIWnZPM1l5cVI2ODcydnltODYxdUVKZlRFczF3cHYtRzJYN1h3M19fOG5EUXE?oc=5) · Crain's Grand Rapids
- 2019-09-20 [SNB buys downstate bank - - The Mining Gazette](https://news.google.com/rss/articles/CBMidkFVX3lxTE5ybmZ3Njg1UmJUNjJncDBUTWxvVGZDaDRjcGtCY0RUa0IyZnJldlhTb0VfXzNhcjc2RWtBeTdKTmozLThzQmI1RzNNYWpxY3pEb1doNWVWdklHQzNtd05ESE9FaWswTXpvblYwdDFGX0ZmRUhLS3c?oc=5) · The Mining Gazette
- 2026-03-17 [Farmers National names Main Street Bank exec chief banking officer - Crain's Cleveland](https://news.google.com/rss/articles/CBMilgFBVV95cUxNNlVOMjk4RGVvcy1sN05nb3FKQmJ2SmdoTGJlZTdhUFB6dkh1N1BUdzdkeEZ3ZUN0NE1ZU1plTnBKMXh1cDRkTEZWSTBQN1J4cXYwbmFJQ1dBOWhSMWtpdklFQ0dZLTZtcG1jSzdsTmU5dnFNNHpEclVtYjhQTmdkWDZhUG52T0lnZm9fcHhKSVlyMWpYQ0E?oc=5) · Crain's Cleveland

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57878 (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/22.json (key "57878", 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