# EASTERN MICHIGAN BANK
CROSWELL, MI · FDIC certificate 982 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $553.6M | |
| Deposits | $453.7M | |
| Loans and leases | $194.3M | |
| Total equity | $97.8M | |
| Loans / deposits | 42.33% (p3 of band) | 82.04% |
| Liquid assets / assets | 52.46% (p94 of band) | |
| Uninsured deposits / deposits | 29.84% (p66 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.99% (p69 of band) | 10.81% |
| Unrealized securities loss / equity | -2.60% (p75 of band) | -8.10% |
| AOCI / equity | -2.06% (p7 of band) | |
| ROA (annualized) | 1.42% (p59 of band) | 1.28% |
| Net interest margin | 4.82% (p90 of band) | 3.91% |
| Efficiency ratio | 48.60% (p15 of band) | |
| Noncurrent loans | 0.63% (p60 of band) | 0.43% |
| Net charge-offs (annualized) | -0.02% (p4 of band) | |
| Reserve coverage of noncurrent | 184.43% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 7.23% (p11 of band) | |
| Auto loans | $11.9M (6.14% of loans; DQ 0.39%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 0.7% | |
| Employees | 86 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | capital falling |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 | charge-offs p90 | capital falling |
| 2013-09 | 1 |  | charge-offs p90 |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 2 | charge-offs p90 |  |
| 2015-09 | 1 |  | charge-offs p90 |
| 2015-12 | 1 |  |  |
| 2016-03 | 2 | capital falling |  |
| 2016-06 | 1 |  | capital falling |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | capital falling |  |
| 2017-06 | 1 |  | capital falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 0 |  | reserve under noncurrent |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | reserve under noncurrent |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | capital falling |  |
| 2019-09 | 1 |  | capital falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | reserve under noncurrent |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 1 | capital falling |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | NIM <2.5% |  |
| 2022-06 | 4 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 4 |  |  |
| 2022-12 | 2 |  | capital falling, NIM <2.5% |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 3 | deposits shrinking, assets shrinking |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 2 |  | assets shrinking |
| 2024-03 | 2 |  |  |
| 2024-06 | 1 |  | deposits shrinking |
| 2024-09 | 0 |  | securities losses >30% of equity |
| 2024-12 | 1 | deposits shrinking |  |
| 2025-03 | 1 | assets shrinking | deposits shrinking |
| 2025-06 | 1 |  |  |
| 2025-09 | 0 |  | assets shrinking |
| 2025-12 | 1 | NIM <2.5% |  |
| 2026-03 | 1 | capital falling | NIM <2.5% |
| 2026-06 | 0 |  | capital falling |

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

- 2025-12-31 [Mercantile Bank Corporation Announces Completion of Merger with Eastern Michigan Financial Corporation - PR Newswire](https://news.google.com/rss/articles/CBMi7wFBVV95cUxQSFNXMUhaLXBxdmZmMGctOE9rSXdobVdFZFZaamM5M0hCTGZTS1pZV09DZUdvbFBlQ2c4d2o0dzBoSm1JTWxuQXRUaGg0TDdMWE1wRWtFSDRHLTZCUG1YdXBLeUJGajJvbUJWSGZBVmJOYmRielg2S1FQQ0FYLWxfR3lvYVllUWJkWHhpSDZLcVJ5NElCaEF0cWdaVjl2YlEyNS1nWWNOU2pOZ0NGRnpBWkhfTHJjVjRoSlJKaHhxQU1IcEFIdzFuSWxnMHNHc0RCdGpMeGt4QjR0TWlRd3lwTGIwY2RFdWhhZnRpa1Q0Yw?oc=5) · PR Newswire
- 2025-12-19 [Mercantile gets green light to buy Eastern Michigan - American Banker](https://news.google.com/rss/articles/CBMikAFBVV95cUxNakdVcXNQQ2JjcXY1bzJVT1dRVGJtRi0ybjdvU0JsSExZREduYUJnRnZsSktxVE1uSGFjWGtQY3VzMnY2T3ZDaXBiSkVNQ2lHa3g2WEtKdTZ2UzZkbVpHZU1hc3Q4RlhCSTV5bEN0QzE2VzFFeXBJcTZRdmNaM2ZSQjBlV3U1RzdLUE1VMlk3VlM?oc=5) · American Banker
- 2025-07-23 [Eastern Michigan Bank Acquired by Mercantile Bank - WGRT](https://news.google.com/rss/articles/CBMidkFVX3lxTE5XeV9pSjduWVdxWE5rSHROampLdHE2STI0RXdMNS02dnEtTEdxYjRLcy1IMHYxQVpQek1hdk5KMjZMZzVwS2JiNTE0dDBNSm9TQUU5TEwyZ3Zlb3d0SE00R1QzSGdqT213eFotUENYcjJ5OURsLUE?oc=5) · WGRT
- 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
- 2020-08-31 [Eastern Michigan Bank buys Parfet Office Building in downtown Port Huron - Times Herald](https://news.google.com/rss/articles/CBMi0gFBVV95cUxQUVdNYUZrNHdueFctWnVPZ2d4cGJCUURXaE9rOFo0bGgzb1lfb0JCeGpDRjVEMVRjcGdlRHU0WXdBcmxHSG1hbjdELXhsY2tCVVpuZW91UnpFT3YxLWw0eHFCMGVnQU13YmxrY1RrUF9MZUlpVmJGbFRhWGtvVjFEejF3cHZPb2Q4MmVkWE9oQnlDRU9LeGJuaUZNN3ZVdXh3OXZHRkpOWGhBekNWdlpMTlVZS2lzeW9vUXJDUkUxVjR5aENTd2dNaG85Y0ZoWXlscWc?oc=5) · Times Herald
- 2024-10-10 [Donna M. Niester - Pollock-Randall Funeral Home - Port Huron, MI](https://news.google.com/rss/articles/CBMiVkFVX3lxTFBOcHhFb3Zqc2EzVDlTX042MGxRc1JCb1lzb1dIUU1UNE5MZk5iSVQtX2xtSnp2NC1PaFhmNjFRZGQ3Rk9OeWZtN1g4OFkxczBabm9ydE1B?oc=5) · Pollock-Randall Funeral Home - Port Huron, MI
- 2020-01-27 [Port Huron police identify habitual offender as suspect in Eastern Michigan Bank robbery - Times Herald](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPTllkamlZdGpReVNfZmd2cThPbGI2TWZ0UHNIazlPckRRbWJKczVFcGo4ZlI2cjlkRWh3X1NWdWRRWGZ4ODZJTTE2ZzM4R3BYRkhtV19uSEhUa0FGelQtYVBrbkl0ck56U0xnSFdmc0x2MkJnMG1yTzFkb3YzdFpDNFhzSHY2OE9IRUNFb3JreXlid2l1Y0dWYlN1VGlxRldKby1XRktYcFJhSnc4bGtSRUtaTzJyR01GS1dtMFV3WDhKNFU1enR6dA?oc=5) · Times Herald
- 2023-10-13 [John C. "Jack" Williams Obituary (2023) - Croswell, MI - Pomeroy Funeral Home - Croswell - Legacy obituary](https://news.google.com/rss/articles/CBMiggFBVV95cUxNOGozYXl3MjFmUmFMaDU2d0g0ZzJRUHd6bHFyaWMxaUhDWmYyd0pLMDZQWFU1d0M2TVNvVDlQRW1sbGVrdFc0dnZNNHZuNXR4a2tEYmNKSG0wNXFqVG5RWkdIRjYtYk5TTG1JUVZtVEtUOUN3SGI0OHc3VVZWTmJNLXVB?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=982 (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 "982", 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