Overview / Commentary
Baybank is headquartered in Gladstone and is the 82nd largest bank in the state of Michigan. It is also the 4,314th largest bank in the nation. It was established in 1912 and as of March of 2018, it had grown to 30 employees at 3 locations. Baybank has a B+ health rating.
Health
B+
Data as of Q1 2018
Learn why bank health mattersAdditional 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 | 30 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 8.59% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $94.3MM$88.0MM |
| Loans | Q1 2018vs Q1 2017 | $64.9MM$54.4MM |
| Deposits | Q1 2018vs Q1 2017 | $81.3MM$78.8MM |
| Equity Capital | Q1 2018vs Q1 2017 | $8.5MM$8.4MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $681.00K$603.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $410.00K$899.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $667.00K$680.00K |
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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 |