Baybank

Overview / Commentary

906-428-4040

104 South Tenth Street
Gladstone, MI 49837

Baybank is headquartered in Gladstone and is the 78^th largest bank in the state of Michigan. It is also the 4,142^nd largest bank in the nation. It was established in 1912 and as of December of 2018, it had grown to 29 employees at 3 locations. Baybank has a B health rating.

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Health

Data as of Q4 2018

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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	0.98%
Return on Equity - YTD	10.7%
Annual Interest Income	$4.4MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$99.2MM$91.4MM
Loans	Q4 2018vs Q4 2017	$72.7MM$62.7MM
Deposits	Q4 2018vs Q4 2017	$85.9MM$78.1MM
Equity Capital	Q4 2018vs Q4 2017	$8.8MM$8.7MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$699.00K$653.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$995.00K$224.00K
Real Estate Owned	Q4 2018vs Q4 2017	$266.00K$671.00K

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

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