Average User Rating:
2 star rating based on 1 review.

mBank

130 South Cedar Street
Manistique, MI 49854
888-343-8147
www.bankmbank.com

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mBank is headquartered in Manistique and is the 22^nd largest bank in the state of Michigan. It is also the 1,355^th largest bank in the nation. It was established in 1934 and as of September of 2011, it had grown to 114 employees at 12 locations. mBank has a 3-star health rating.

mBank Routing Number: 091102807

Competitive CD Rates at mBank in Michigan - Local Only - 11/18/2011

mBank in Michigan is offering three competitive CD and IRA CD rates: 1.60% APY for 2 years, 1.75% APY for 3 years and 2.25% APY for 4 years. The bank actually gives customers a range of terms for each ...

Top 27-Month CD Rate & Checking Account Rates at mBank in Michigan - Local Only - 5/17/2011

mBank in Michigan is offering a very competitive CD special. It's a 1.94% APY 27-month CD. Minimum deposit is $250, and new money is required. The CD special is listed on the bank's home page as of 5/ ...

Competitive Checking and CD Rates at mBank in Michigan - Local Only - 6/9/2010

mBank is offering competitive rates on its checking accounts, CDs and CD IRAs. For checking accounts, their Green Checking Account pays 1.55% APY on all balances as of 6/09/2010. Minimum to open is $1 ...

5.00% 60-Month CD at MBank in Oregon - 1/6/2009

Update 2/12/09: The CD rate has fallen. Please check with the bank for the latest rates.MBank is offering a special 5.00% APY 60-month CD. Minimum deposit is $1,000. This special is listed on the bank's home page as of 1/06/09. I called the bank this...

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

mBank Checking Account Rates

Apy	Min	Max	Product
0.60%	-	-	Green Checking
0.60%	-	-	Business Green Checking
0.55%	$1k	-	High Yield Checking
0.55%	-	-	Business High Yield Checking
0.25%	$50k	-	Business Now Checking
0.15%	$50k	-	Relationship Plus (Personal-Now) Checking
0.06%	-	-	Municipal Checking
0.04%	-	-	Municipal Checking/Corp.Cash

mBank Savings Account Rates

Apy	Min	Max	Product
0.10%	-	-	Statement Savings
0.10%	-	-	Minor Statement Savings
0.10%	-	-	Christmas Club
0.10%	-	-	Canadian Savings

mBank Money Market Rates

Apy	Min	Max	Product
0.25%	$100k	-	Premium Money Market Business
0.25%	$100k	-	Premium Money Market Personal

mBank CD Rates

Apy	Min	Max	Product
2.25%	$250	-	48 - 60 Month CD
1.75%	$250	-	36 - 47 Month CD
1.60%	$250	-	24 - 35 Month CD
1.50%	$250	-	30 Month Canadian CD
0.80%	$250	-	18 - 23 Month CD
0.60%	$250	-	13 - 17 Month CD
0.45%	$250	-	12 Month CD
0.30%	$250	-	6 - 11 Month CD
0.25%	$100k	-	30 Day Jumbo CD
0.15%	$250	-	2 - 5 Month CD

mBank IRA Rates

Apy	Min	Max	Product
2.25%	$250	-	48 - 60 Month IRA
1.75%	$250	-	36 - 47 Month IRA
1.60%	$250	-	24 - 35 Month IRA
1.50%	$250	-	30 Month Canadian IRA
0.80%	$250	-	18 - 23 Month IRA
0.60%	$250	-	13 - 17 Month IRA
0.45%	$250	-	12 Month IRA
0.30%	$250	-	6 - 11 Month IRA
0.25%	$100k	-	30 Day Jumbo IRA
0.15%	$250	-	2 - 5 Month IRA

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

mBank
FDIC Certificate #	14816
BankRate Report	View
Year Established	1934
Employees	114
Primary Regulator	FDIC
Assets and Liabilities
Assets	$498.59 million
Loans	$385.94 million
Deposits	$410.54 million
Equity Capital	$51.25 million
Loan Loss Allowance	$5.80 million
Unbacked Noncurrent Loans	$5.95 million
Real Estate Owned	$5.21 million
Historic Data - September 2010
Assets	$499.05 million
Equity Capital	$50.71 million
Loan Loss Allowance	$5.40 million
Unbacked Noncurrent Loans	$4.45 million
Real Estate Owned	$5.76 million
Profit Margin - Quarterly
Net Interest Margin	4.05%
Return on Assets	0.66%
Return on Equity	6.51%
Interest Income	$17.01 million

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 September 30, 2011 mBank had $11.17 million in non-current loans and owned real-estate with $57.04 million in equity and loan loss allowances on hand to cover it. This gives mBank a Texas Ratio of 19.57% 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 mBank held steady from 18.19% as of September 30, 2010 to 19.57% as of September 30, 2011, resulting in a negative change of 7.62%. This indicates that the balance sheet and financial strength for mBank has held steady in recent periods.
Deposit Growth
In the past year, mBank has decreased its total deposits by $-568,000, resulting in -0.14% 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 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. mBank has $498.59 million in assets with $57.04 million in equity, resulting in a capitalization level of 11.44%, which is above average.

Overdraft Fees
2 stars

- Conrad906 - Thursday, April 21, 2011 - 10:45 PM

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.

mBank

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