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Overview / Commentary
2701 1-75 Business Spur
Sault Ste. Marie, MI 49783

Old Mission Bank is headquartered in Sault Sainte Mar and is the 91st largest bank in the state of Michigan. It is also the 4,557th largest bank in the nation. It was established in 2000 and as of March of 2014, it had grown to 35 employees at 2 locations. Old Mission Bank has a A health rating.

Reviews (1)

Sevice Is Poor

Terrible, always wanting more documentations. Also, they use a title company that is bad.


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 Old Mission Bank had $730,000 in non-current loans and owned real-estate with $11.95 million in equity and loan loss allowances on hand to cover it. This gives Old Mission Bank a Texas Ratio of 6.11% 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 Old Mission Bank experienced no significant changes from 6.04% as of March 31, 2013 to 6.11% as of March 31, 2014, resulting in a negative change of 1.08%. This indicates that the balance sheet and financial strength for Old Mission Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Old Mission Bank has increased its total deposits by $3.38 million, resulting in 3.92% 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 Old Mission Bank 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. Old Mission Bank has $106.98 million in assets with $11.95 million in equity, resulting in a capitalization level of 11.17%, which is excellent.

Institution Statistics

FDIC Certificate #35303
Year Established2000
Primary RegulatorFDIC
Assets and Liabilities
Assets$106.98 million
Loans$59.23 million
Deposits$89.59 million
Equity Capital$10.95 million
Loan Loss Allowance$997,000
Unbacked Noncurrent Loans$730,000
Real Estate Owned$0
Historic Data - March 2013
Assets$102.46 million
Equity Capital$11.40 million
Loan Loss Allowance$1.03 million
Unbacked Noncurrent Loans$730,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.52%
Return on Equity5.05%
Interest Income$1.14 million

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Old Mission Bank Locations
Old Mission Bank2701 1-75 Business SpurSault Sainte Marie, MI 49783
Pickford Branch7196 E. Charles St.Pickford, MI 49774