Baybank

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11-Month No-Penalty CD

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1.45% APY

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1.20% APY

Overview / Commentary

baybank.us

906-428-4040

104 South Tenth Street
Gladstone, MI 49837

Baybank is headquartered in Gladstone and is the 85^th largest bank in the state of Michigan. It is also the 4,533^rd largest bank in the nation. It was established in 1912 and as of June of 2017, it had grown to 29 employees at 3 locations. Baybank has a C+ health rating.

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Health

C+

Data as of Q2 2017

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Baybank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	1092
Year Established	1912
Employees	29
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.74%
Return on Equity - YTD	7.76%
Annual Interest Income	$1.8MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$87.9MM$92.6MM
Loans	Q2 2017vs Q2 2016	$56.4MM$51.1MM
Deposits	Q2 2017vs Q2 2016	$75.2MM$83.5MM
Equity Capital	Q2 2017vs Q2 2016	$8.8MM$8.6MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$634.00K$558.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$868.00K$776.00K
Real Estate Owned	Q2 2017vs Q2 2016	$680.00K$685.00K

Rates

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

Baybank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.75%^*	-	$10k	Kasasa Saver
OTHER TIERS: 0.10% → $10k+

Baybank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%^*	-	$10k	Kasasa Cash
OTHER TIERS: 0.05% → $10k+

Locations

Baybank Locations
Baybank	104 South Tenth Street	Gladstone, MI 49837
Escanaba Branch	2404 Third Avenue North	Escanaba, MI 49829
Rapid River Branch	10513 North Main Street	Rapid River, MI 49878