# HONOR BANK
HONOR, MI · FDIC certificate 8165 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $442.7M | |
| Deposits | $384.1M | |
| Loans and leases | $359.4M | |
| Total equity | $41.5M | |
| Loans / deposits | 92.23% (p76 of band) | 82.04% |
| Liquid assets / assets | 15.14% (p17 of band) | |
| Uninsured deposits / deposits | 17.54% (p21 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.39% (p50 of band) | |
| FHLB advances / assets | 3.39% | |
| Tier 1 leverage | 9.77% (p29 of band) | 10.81% |
| Unrealized securities loss / equity | -2.85% (p74 of band) | -8.10% |
| AOCI / equity | 0.00% (p77 of band) | |
| ROA (annualized) | 1.34% (p54 of band) | 1.28% |
| Net interest margin | 4.22% (p68 of band) | 3.91% |
| Efficiency ratio | 62.03% (p52 of band) | |
| Noncurrent loans | 0.32% (p43 of band) | 0.43% |
| Net charge-offs (annualized) | 0.01% (p55 of band) | |
| Reserve coverage of noncurrent | 459.17% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 69.83% (p71 of band) | |
| Auto loans | $64,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 4.4% | |
| Employees | 75 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 1 |  | charge-offs p90 |
| 2011-09 | 2 | charge-offs p90 |  |
| 2011-12 | 1 |  | charge-offs p90 |
| 2012-03 | 2 | charge-offs p90 |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 1 |  | charge-offs p90 |
| 2013-12 | 2 | charge-offs p90 |  |
| 2014-03 | 1 |  | charge-offs p90 |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 2 | charge-offs p90 |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 1 |  | charge-offs p90 |
| 2015-12 | 4 | capital falling, losing money, expense ratio p90 |  |
| 2016-03 | 2 |  | losing money, expense ratio p90 |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | reserve under noncurrent |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | capital falling |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | capital falling |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 | charge-offs p90 | capital falling |
| 2021-03 | 0 |  | charge-offs p90 |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 0 |  | capital falling |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 0 |  |  |
| 2023-06 | 1 | uninsured deposits leaving |  |
| 2023-09 | 0 |  | uninsured deposits leaving |
| 2023-12 | 2 | construction >100% equity, uninsured deposits leaving |  |
| 2024-03 | 1 |  | uninsured deposits leaving |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 | capital falling | construction >100% equity |
| 2024-12 | 0 |  | capital falling |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | capital falling |  |
| 2026-03 | 0 |  | capital falling |
| 2026-06 | 0 |  |  |

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

- 2021-12-29 [Honor Bank announces promotions, new addition as VP of commercial lending - Manistee News Advocate](https://news.google.com/rss/articles/CBMipAFBVV95cUxPMmJ0WkVGZlNpZkdRVnJwUmRtaGVYSlE1eUhCTG1URndDX0NiaV80MDIxVkZhME1RNERad0JhejJxRl9CSHRlaldzSjlybks5M0k1SW9wVk0ycklaazF1cnZuUXJ4QTR6Z3NvRUdaMWE2aUhyRXBZX0FTdGtXRi1wczVTVU9JelVWWmM3eXNRbDA1UmdXa1NucHVvM0l4am1jWlZGOA?oc=5) · Manistee News Advocate
- 2022-02-15 [Red Hot Best 2021: Northern Michigan’s Top 7 Banking Institutions - MyNorth.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPeHZkRUJzRUpodHRiMEZ5WVF5ZU5ual9WV0R6cjNBTUZvcER1M2VRN3VHOUcxcVhCWmRfZVJ2NW85eVVRWVJ5MTJSQUhVM2ZpNlNvdWZaekVRVEQ0ZktQRnN5eUNXdG92bHp2NHV2Q205OFdEc3pJdldLQVRIbGVjY09yckNMSW1YaC10MmxNUnA3QUxn?oc=5) · MyNorth.com
- 2017-07-03 [Koenig changes positions at Honor Bank’s Benzonia branch - Benzie County Record Patriot](https://news.google.com/rss/articles/CBMipAFBVV95cUxPM1d2TFpXVnFxZTREbDJjellDc0c0blA0cU1YVExhYWJDSWpEZ3ltRmJodW1rcGpWeHNfeWdCdS05QnNjTElhRXdhZFFQRy1Cc21EVXMxdWtETWc5RVF4b0V0TWczMGE1dWgzVHp6MVJ6N1hSdGtaQXJ0R2h5eGFBWFNCc3dub0x1UW9LSDlnamZYTmtoNUJQQWF1SVRoV1BacWFNZQ?oc=5) · Benzie County Record Patriot
- 2013-07-19 [Honor Bank announces promotions - Manistee News Advocate](https://news.google.com/rss/articles/CBMilAFBVV95cUxOdU9XdFFjX3FJZGZtRzd6ZW1zSzh2bkhjazFuelJLVm5nVWpvdGxkU0tMT19FZENSRWR2WFZvQ000LWF5QlkxMnpKRGowYWpLVGZ4M3N1X0NvM2hiVHNjcjQzV0RFLVdMb1RBdHJhM1REQjI3UHZFSm11MU1lcWVoTjlubE11QmZBbWRBVnhjaUpnZWNJ?oc=5) · Manistee News Advocate
- 2020-12-29 [Honor Bank names Shannon Jordan chief financial officer - Benzie County Record Patriot](https://news.google.com/rss/articles/CBMirgFBVV95cUxQV3lsYVpwdzh6NS1haTJHMlF2aUFlOU9zdjg3X2N2bkZSQTE5cXJqRzgtTjNnd01LSVpsUEVzelQtWXJnQndXYmQwd0U3blg4VUdQcHVycVlvLXRhSWNaaHRZeFA3aVFuY0llRTRhTWFCNm5EYmhHMmk2LXQ2TmtfVldyejV5cnV5UzR1SHpnWkJDelVlUHhPV0xPLTRYVk9NRjV6VnBKZUZ0N2F2THc?oc=5) · Benzie County Record Patriot
- 2024-01-17 [Honor Bank announces promotions - Manistee News Advocate](https://news.google.com/rss/articles/CBMijwFBVV95cUxNc0I1REI3ZTJEUU40R19xSDc3ZUFSRTFUYzN0b2s4b2Z6QUFGbEdEaXI5UnZ2REdXenVYSmNLR2txeUhsZkVSTWVYVmV6OWlkSzFkRGhYZkJ3WXdsREZSNW1KWVJwZzlMZlNoTDN3aU0zVUxVa3F2d090b2I1VDhiU0lkcmJCLU5uM1RGWkxETQ?oc=5) · Manistee News Advocate
- 2015-04-21 [Honor Bank hires new mortgage loan officer - Manistee News Advocate](https://news.google.com/rss/articles/CBMioAFBVV95cUxNMlo0RlFibTRfcUl4b0owY0pGRVg2b21NSmQ3dk43ai16Rm16ODRqVzc5c0VrSV9iY1NTcWR0ampualdNazZQY3lHZFNMUXRZeFRpSDg1X3Y5NkZ0ancyaE9PbFpPQ1c1dmNEeVRCYUU5cmVrcDJvRDFaM1k0WFlFZ1hRY0NhZlpKT2FzeGNzcUdWd0VvY2Z6UkxkMG5mTDk3?oc=5) · Manistee News Advocate
- 2025-11-04 [Affordable housing plans near Thompsonville could move forward with a $1M grant - Benzie County Record Patriot](https://news.google.com/rss/articles/CBMiogFBVV95cUxOOGpyc2d1dTd6WW9lODNUakR4NW9vaFc3VTJpN0lvNUVRY2NzMFJIOTBlNFg2QjlnTFF5VFpEZWZhTkFoaG5ObWxrc0JqbWxIYV9WeDVvWEZrTXkydmV2cVpaR1dsQUpkaWlONldRWUVRWWgwaHJpYjZ0UlhJMHdPemtWVVZzdE41aWhJLThfeW1yNHhFZnFOMHU0ZEFrYlgyeXc?oc=5) · Benzie County Record Patriot

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8165 (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/37.json (key "8165", 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