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130 South Cedar Street
Manistique, MI 49854

mBank is headquartered in Manistique and is the 20th largest bank in the state of Michigan. It is also the 1,148th largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 128 employees at 12 locations. mBank has a A+ health rating.

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Reviews (1)

Overdraft Fees

This bank in Michigan has a few convenient locations. The staff is usually somewhat friendly and helpful. The number and types of services is limited, and the rates on certificates of deposit and savings accounts are lower than average. Another problem with this bank is that they charge huge overdraft fee's instead of denying your debit card at the point of sale. Their online banking system is sometimes delayed and this leads to lots of overdraft fees. If you are looking for a bank with lenient overdraft policies look elsewhere.


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 mBank had $3.66 million in non-current loans and owned real-estate with $69.31 million in equity and loan loss allowances on hand to cover it. This gives mBank a Texas Ratio of 5.28% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for mBank decreased dramatically from 11.63% as of March 31, 2013 to 5.28% as of March 31, 2014, resulting in a positive change of 54.63%.This indicates that the balance sheet and financial strength for mBank has improved dramatically in recent periods.

Deposit Growth


In the past year, mBank has increased its total deposits by $38.72 million, resulting in 8.83% 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 mBank has shown is excellent.



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. mBank has $579 million in assets with $69.31 million in equity, resulting in a capitalization level of 11.97%, which is excellent.

Institution Statistics

FDIC Certificate #14816
Year Established1934
Primary RegulatorFDIC
Assets and Liabilities
Assets$579.00 million
Loans$478.62 million
Deposits$477.17 million
Equity Capital$64.50 million
Loan Loss Allowance$4.80 million
Unbacked Noncurrent Loans$1.49 million
Real Estate Owned$2.17 million
Historic Data - March 2013
Assets$541.46 million
Equity Capital$60.85 million
Loan Loss Allowance$5.00 million
Unbacked Noncurrent Loans$1.49 million
Real Estate Owned$3.83 million
Profit Margin - Quarterly
Return on Assets0.77%
Return on Equity6.89%
Interest Income$6.51 million

Always verify rates and promotions with the bank or credit union. We are not mBank, we are a rate comparison website and can not provide official rates or promotions.

mBank Savings Account Rates

0.20%--Rewards 55
0.05%--Statement Savings
0.05%--Minor Statement Savings
0.05%--Christmas Club
0.05%--Canadian Savings

mBank Money Market Rates

0.20%$100k-Premium Money Market Personal
0.15%$100k-Premium Money Market Business

mBank Checking Account Rates

0.30%--Green Checking
0.30%--Business Green Checking
0.20%$100k-High Yield Checking
0.20%--Business High Yield Checking
0.15%$50k-Business Now Checking
0.06%--Municipal Checking
0.03%--Municipal Checking/Corp.Cash

mBank CD Rates

1.15%$250-48 - 60 Month CD
1.00%$250-36 - 47 Month CD
0.75%$250-24 - 35 Month CD
0.75%$250-30 Month Canadian CD
0.60%$250-13 - 17 Month CD
0.60%$250-18 - 23 Month CD
0.55%$250-12 Month CD
0.25%$250-6 - 11 Month CD
0.10%$250-2 - 5 Month CD
0.10%$100k-30 Day Jumbo CD Special

mBank IRA Rates

1.15%$250-48 - 60 Month IRA
1.00%$250-36 - 47 Month IRA
0.75%$250-24 - 35 Month IRA
0.75%$250-30 Month Canadian IRA
0.60%$250-13 - 17 Month IRA
0.60%$250-18 - 23 Month IRA
0.55%$250-12 Month IRA
0.25%$250-6 - 11 Month IRA
0.10%$100k-30 Day Jumbo Special IRA
0.10%$250-2 - 5 Month IRA

mBank has 12 locations. Click to view all mBank locations.