Bank of Ann Arbor

Overview / Commentary

www.bankofannarbor.com

734-662-1600

125 S. 5Th Ave.
Ann Arbor, MI 48104

Bank of Ann Arbor is headquartered in ANN ARBOR and is the 5^th largest bank in the state of Michigan. It is also the 393^rd largest bank in the nation. It was established in 1996 and as of March of 2024, it had grown to 335 employees at 18 locations. Bank of Ann Arbor's CD rates are 5X the national average, and it has an A health rating.

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Health

Data as of Q1 2024

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Health Grade Components

Overall
FDIC Certificate #	34120
Year Established	1996
Employees	335
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.61%
Return on Equity - YTD	12.31%
Annual Interest Income	$40.2MM

Assets and Liabilities
Assets	Q1 2024vs Q1 2023	$3.04B$3.09B
Loans	Q1 2024vs Q1 2023	$2.44B$2.28B
Deposits	Q1 2024vs Q1 2023	$2.54B$2.57B
Equity Capital	Q1 2024vs Q1 2023	$402.5MM$367.4MM
Loan Loss Allowance	Q1 2024vs Q1 2023	$26.3MM$30MM
Unbacked Noncurrent Loans	Q1 2024vs Q1 2023	$4.8MM$11.3MM
Real Estate Owned	Q1 2024vs Q1 2023	$344K$344K

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of Ann Arbor Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.50%^*	$10k^*	-	Health Savings Accounts
OTHER TIERS: 0.20% → $0 - $1k \| 0.50% → $1k - $5k \| 1.25% → $5k - $10k
1.20%	$0	-	Youth Savings Account
1.20%	$0	-	Passbook Savings
1.20%	$0	-	Statement Savings

Bank of Ann Arbor Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.85%^*	$1m^*	-	Money Market Savings
OTHER TIERS: 0.35% → $1 - $5k \| 0.60% → $5k - $25k \| 0.95% → $25k - $100k \| 1.30% → $100k - $500k \| 1.60% → $500k - $1m
1.75%^*	$1m^*	-	Commercial Money Market Checking
OTHER TIERS: 0.55% → $1 - $100k \| 1.20% → $100k - $1m
0.95%^*	$10k^*	-	Personal Money Market Checking
OTHER TIERS: 0.15% → $1 - $10k

Bank of Ann Arbor Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.40%^*	$500k^*	-	Smart One Account
OTHER TIERS: 0.15% → $1k - $10k \| 0.90% → $10k - $100k \| 1.20% → $100k - $500k
1.40%^*	$500k^*	-	Community Interest Checking
OTHER TIERS: 0.15% → $1k - $10k \| 0.90% → $10k - $100k \| 1.20% → $100k - $500k

Bank of Ann Arbor CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.65%	$1k	$100k	6 Month Retail CD
4.65%	$100k	-	180 - 269 Day Jumbo CD
4.45%	$1k	$100k	12 Month Retail CD
4.45%	$100k	-	270 - 365 Day Jumbo CD
2.45%	$1k	$100k	18 Month Retail CD
2.20%	$1k	$100k	2 Year Retail CD
2.10%	$1k	$100k	4 Year Retail CD
2.10%	$1k	$100k	5 Year Retail CD
1.80%	$100k	-	120 - 179 Day Jumbo CD
1.60%	$100k	-	90 - 119 Day Jumbo CD
1.55%	$1k	$100k	3 Month Retail CD
1.40%	$100k	-	30 - 89 Day Jumbo CD
1.10%	$100k	-	7 - 29 Day Jumbo CD

Locations

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