Eastern Michigan Bank

65 North Howard Avenue
Croswell, MI 48422
810-679-2500
www.easternmichiganbank.com

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Eastern Michigan Bank is headquartered in Croswell and is the 45^th largest bank in the state of Michigan. It is also the 2,507^th largest bank in the nation. It was established in 1895 and as of March of 2012, it had grown to 83 employees at 11 locations. Eastern Michigan Bank has a 4-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Eastern Michigan Bank Checking Account Rates

Apy	Min	Max	Product
0.10%	$100k	-	Interest Checking Account
0.10%	$100k	-	Adv 50 Club Checking Account
0.05%	$500	-	Hometown Checking Account
0.05%	-	-	Hometown Checking Plus Account

Eastern Michigan Bank Savings Account Rates

Apy	Min	Max	Product
0.05%	$100	-	Statement Savings Account
0.05%	-	-	Christmas Club Account
0.05%	-	-	Sunny Savers Account

Eastern Michigan Bank Money Market Rates

	Apy	Min	Max	Product
	0.20%	$100k	-	Prestige Money Market Savings Account

Eastern Michigan Bank CD Rates

Apy	Min	Max	Product
0.90%	$500	-	60 Month CD
0.80%	$500	-	48 Month CD
0.70%	$2,500	-	36 Month Adv 50 Club CD
0.60%	$500	-	36 Month CD
0.50%	$2,500	-	24 Month Adv 50 Club CD
0.40%	$500	-	24 Month CD
0.40%	$500	-	30 Month CD
0.40%	$2,500	-	12 Month Adv 50 Club CD
0.30%	$500	-	12 Month CD
0.20%	$500	-	6 Month CD
0.20%	$500	-	9 Month CD

Eastern Michigan Bank IRA Rates

Apy	Min	Max	Product
0.90%	$1k	-	60 Month IRA
0.90%	$1k	-	60 Month Roth IRA
0.90%	$1k	-	60 Month SEP IRA
0.90%	$1k	-	60 Month Coverdell ESA
0.80%	$1k	-	48 Month IRA
0.80%	$1k	-	48 Month Roth IRA
0.80%	$1k	-	48 Month SEP IRA
0.80%	$1k	-	48 Month Coverdell ESA
0.60%	$1k	-	36 Month IRA
0.60%	$1k	-	36 Month Roth IRA
0.60%	$1k	-	36 Month SEP IRA
0.60%	$1k	-	36 Month Coverdell ESA
0.40%	$1k	-	24 Month IRA
0.40%	$1k	-	30 Month IRA
0.40%	$1k	-	24 Month Roth IRA
0.40%	$1k	-	30 Month Roth IRA
0.40%	$1k	-	24 Month SEP IRA
0.40%	$1k	-	24 Month Coverdell ESA
0.40%	$1k	-	30 Month SEP IRA
0.40%	$1k	-	30 Month Coverdell ESA
0.30%	$1k	-	12 Month IRA
0.30%	$1k	-	12 Month Roth IRA
0.30%	$1k	-	12 Month SEP IRA
0.30%	$1k	-	12 Month Coverdell ESA
0.20%	$1k	-	6 Month IRA
0.20%	$1k	-	9 Month IRA
0.20%	$1k	-	6 Month Roth IRA
0.20%	$1k	-	9 Month Roth IRA
0.20%	$1k	-	6 Month SEP IRA
0.20%	$1k	-	6 Month Coverdell ESA
0.20%	$1k	-	9 Month SEP IRA
0.20%	$1k	-	9 Month Coverdell ESA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Eastern Michigan Bank
FDIC Certificate #	982
BankRate Report	View
Year Established	1895
Employees	83
Primary Regulator	FED
Assets and Liabilities
Assets	$257.83 million
Loans	$138.89 million
Deposits	$231.56 million
Equity Capital	$25.20 million
Loan Loss Allowance	$2.86 million
Unbacked Noncurrent Loans	$4.09 million
Real Estate Owned	$2.44 million
Historic Data - March 2011
Assets	$253.95 million
Equity Capital	$24.17 million
Loan Loss Allowance	$3.12 million
Unbacked Noncurrent Loans	$3.93 million
Real Estate Owned	$2.46 million
Profit Margin - Quarterly
Net Interest Margin	3.59%
Return on Assets	0.79%
Return on Equity	8.11%
Interest Income	$2.45 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 March 31, 2012 Eastern Michigan Bank had $6.53 million in non-current loans and owned real-estate with $28.06 million in equity and loan loss allowances on hand to cover it. This gives Eastern Michigan Bank a Texas Ratio of 23.28% 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 Eastern Michigan Bank held steady from 25.28% as of March 31, 2011 to 23.28% as of March 31, 2012, resulting in a positive change of 7.93%.This indicates that the balance sheet and financial strength for Eastern Michigan Bank has held steady in recent periods.
Deposit Growth
In the past year, Eastern Michigan Bank has increased its total deposits by $2.68 million, resulting in 1.17% 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 Eastern Michigan Bank 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. Eastern Michigan Bank has $257.83 million in assets with $28.06 million in equity, resulting in a capitalization level of 10.88%, which is above average.

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