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888-999-8050
5480 Corporate Drive, Suite 350
Troy, MI 48098

Crestmark Bank is headquartered in Troy and is the 23rd largest bank in the state of Michigan. It is also the 1,347th largest bank in the nation. It was established in 1996 and as of December of 2013, it had grown to 213 employees at 1 location. Crestmark Bank has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

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, 2013 Crestmark Bank had $7.91 million in non-current loans and owned real-estate with $74.82 million in equity and loan loss allowances on hand to cover it. This gives Crestmark Bank a Texas Ratio of 10.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Crestmark Bank experienced no significant changes from 9.83% as of December 31, 2012 to 10.57% as of December 31, 2013, resulting in a negative change of 7.52%. This indicates that the balance sheet and financial strength for Crestmark Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Crestmark Bank has increased its total deposits by $81.13 million, resulting in 23.13% 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 Crestmark Bank has shown is excellent.

Capitalization

GRADE:
A+

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. Crestmark Bank has $499.3 million in assets with $74.82 million in equity, resulting in a capitalization level of 14.99%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34353
Year Established1996
Employees213
Primary RegulatorFDIC
Assets and Liabilities
Assets$499.30 million
Loans$415.37 million
Deposits$431.83 million
Equity Capital$62.03 million
Loan Loss Allowance$12.79 million
Unbacked Noncurrent Loans$7.91 million
Real Estate Owned$0
Historic Data - December 2012
Assets$407.28 million
Equity Capital$51.46 million
Loan Loss Allowance$8.59 million
Unbacked Noncurrent Loans$7.91 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin16.28%
Return on Assets3.17%
Return on Equity25.4%
Interest Income$69.23 million
Rates

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Locations


Crestmark Bank Locations
Crestmark Bank5480 Corporate Drive, Suite 350Troy, MI 48098