Bank of Michigan

Bank of Michigan is headquartered in Farmington Hills and is the 101^st largest bank in the state of Michigan. It is also the 5,326^th largest bank in the nation. It was established in 2005 and as of December of 2011, it had grown to 14 employees at 1 location. Bank of Michigan has a 4-star health rating.

Bank of Michigan Routing Number: 072414161

Data for Q4 2011

Institution Statistics Bank of Michigan FDIC Certificate # 57861 BankRate Report View Year Established 2005 Employees 14 Primary Regulator FDIC Assets and Liabilities Assets $85.69 million Loans $63.89 million Deposits $78.18 million Equity Capital $7.38 million Loan Loss Allowance $1.51 million Unbacked Noncurrent Loans $715,000 Real Estate Owned $675,000 Historic Data - December 2010 Assets $81.87 million Equity Capital $6.95 million Loan Loss Allowance $1.37 million Unbacked Noncurrent Loans $2.30 million Real Estate Owned $266,000 Profit Margin - Quarterly Net Interest Margin 4.03% Return on Assets 0.52% Return on Equity 5.97% Interest Income $3.91 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank of Michigan had $1.39 million in non-current loans and owned real-estate with $8.88 million in equity and loan loss allowances on hand to cover it. This gives Bank of Michigan a Texas Ratio of 15.65% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of Michigan decreased significantly from 30.99% as of December 31, 2010 to 15.65% as of December 31, 2011, resulting in a positive change of 49.49%.This indicates that the balance sheet and financial strength for Bank of Michigan has improved significantly in recent periods. Deposit Growth In the past year, Bank of Michigan has increased its total deposits by $3.44 million, resulting in 4.61% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Michigan has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Michigan has $85.68 million in assets with $8.88 million in equity, resulting in a capitalization level of 10.36%, which is above average.

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