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Overview / Commentary
65 North Howard Avenue
Croswell, MI 48422

Eastern Michigan Bank is headquartered in Croswell and is the 41st largest bank in the state of Michigan. It is also the 2,288th largest bank in the nation. It was established in 1895 and as of March of 2014, it had grown to 84 employees at 11 locations. Eastern Michigan Bank has a B+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Eastern Michigan Bank had $4.06 million in non-current loans and owned real-estate with $28.28 million in equity and loan loss allowances on hand to cover it. This gives Eastern Michigan Bank a Texas Ratio of 14.36% which is above 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 decreased dramatically from 22.84% as of March 31, 2013 to 14.36% as of March 31, 2014, resulting in a positive change of 37.11%.This indicates that the balance sheet and financial strength for Eastern Michigan Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Eastern Michigan Bank has increased its total deposits by $7.02 million, resulting in 2.84% 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.



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 $281.54 million in assets with $28.28 million in equity, resulting in a capitalization level of 10.04%, which is above average.

Institution Statistics

FDIC Certificate #982
Year Established1895
Primary RegulatorFED
Assets and Liabilities
Assets$281.54 million
Loans$136.00 million
Deposits$254.21 million
Equity Capital$26.62 million
Loan Loss Allowance$1.66 million
Unbacked Noncurrent Loans$2.04 million
Real Estate Owned$2.02 million
Historic Data - March 2013
Assets$274.79 million
Equity Capital$26.82 million
Loan Loss Allowance$2.47 million
Unbacked Noncurrent Loans$2.04 million
Real Estate Owned$2.91 million
Profit Margin - Quarterly
Net Interest Margin3.16%
Return on Assets0.54%
Return on Equity5.7%
Interest Income$2.22 million

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Eastern Michigan Bank Savings Account Rates

0.05%$100-Statement Savings
0.05%--365 Club Savings
0.05%--Sunny Savers Account

Eastern Michigan Bank Money Market Rates

0.20%$100k-Prestige Money Market Savings

Eastern Michigan Bank Checking Account Rates

0.10%$100k-Interest Checking
0.10%$100k-Advantage 50 Checking

Eastern Michigan Bank CD Rates

0.90%$500-60 Month CD
0.65%$500-48 Month CD
0.60%$2,500-36 Month Adv 50 Club CD
0.50%$500-36 Month CD
0.40%$2,500-24 Month Adv 50 Club CD
0.30%$500-24 Month CD
0.30%$500-30 Month CD
0.25%$2,500-12 Month Adv 50 Club CD
0.15%$500-12 Month CD
0.10%$500-6 Month CD
0.10%$500-9 Month CD

Eastern Michigan Bank IRA Rates

0.90%$1k-60 Month IRA
0.65%$1k-48 Month IRA
0.50%$1k-36 Month IRA
0.30%$1k-24 Month IRA
0.30%$1k-30 Month IRA
0.15%$1k-12 Month IRA
0.10%$1k-6 Month IRA
0.10%$1k-9 Month IRA

Eastern Michigan Bank Locations
Minden City Branch1728 Main StreetMinden City, MI 48456
Marysville Branch2970 Gratiot BoulevardMarysville, MI 48040
Fort Gratiot Office3061 Krafft RoadFort Gratiot, MI 48059
Sandusky Area Branch324 South Elk StreetSandusky, MI 48471
Deckerville Branch3636 Main StreetDeckerville, MI 48427
Drive-In Branch5200 East Peck RoadCroswell, MI 48422
Lexington Branch5446 Main StreetLexington, MI 48450
Port Huron Branch600 Water StreetPort Huron, MI 48060
Eastern Michigan Bank65 North Howard AvenueCroswell, MI 48422
Lakeport Branch7090 Lakeshore RoadPort Huron, MI 48060