Mackinac Savings Bank, F.S.B.

Mackinac Savings Bank, F.S.B. is headquartered in Boynton Beach and is the 168^th largest bank in the state of Florida. It is also the 4,413^st largest bank in the nation. It was established in 1994 and as of March of 2012, it had grown to 44 employees at 3 locations. Mackinac Savings Bank, F.S.B. has a 3-star health rating.

Data for Q1 2012

Institution Statistics Mackinac Savings Bank, F.S.B. OTS # 12202 FDIC Certificate # 33925 BankRate Report View Year Established 1994 Employees 44 Primary Regulator OCC Assets and Liabilities Assets $122.15 million Loans $59.29 million Deposits $111.01 million Equity Capital $8.46 million Loan Loss Allowance $579,000 Unbacked Noncurrent Loans $1.06 million Real Estate Owned $327,000 Historic Data - March 2011 Assets $127.77 million Equity Capital $8.43 million Loan Loss Allowance $632,000 Unbacked Noncurrent Loans $2.43 million Real Estate Owned $135,000 Profit Margin - Quarterly Net Interest Margin 2.71% Return on Assets 0.03% Return on Equity 0.43% Interest Income $935,000

Institution Health Overall Score: 3 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 Mackinac Savings Bank, F.S.B. had $1.38 million in non-current loans and owned real-estate with $9.04 million in equity and loan loss allowances on hand to cover it. This gives Mackinac Savings Bank, F.S.B. a Texas Ratio of 15.32% 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 Mackinac Savings Bank, F.S.B. decreased significantly from 28.34% as of March 31, 2011 to 15.32% as of March 31, 2012, resulting in a positive change of 45.93%.This indicates that the balance sheet and financial strength for Mackinac Savings Bank, F.S.B. has improved significantly in recent periods. Deposit Growth In the past year, Mackinac Savings Bank, F.S.B. has decreased its total deposits by -$4.94 million, resulting in -4.26% 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 Mackinac Savings Bank, F.S.B. has shown is below 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. Mackinac Savings Bank, F.S.B. has $122.15 million in assets with $9.04 million in equity, resulting in a capitalization level of 7.40%, which is below average.

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