Overview / Commentary
Baybank is headquartered in Gladstone and is the 82nd largest bank in the state of Michigan. It is also the 4,415th largest bank in the nation. It was established in 1912 and as of December of 2017, it had grown to 29 employees at 3 locations. Baybank has a B+ health rating.
Health
B+
Data as of Q4 2017
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 | 29 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 8.49% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $91.4MM$89.0MM |
| Loans | Q4 2017vs Q4 2016 | $62.7MM$52.3MM |
| Deposits | Q4 2017vs Q4 2016 | $78.1MM$79.9MM |
| Equity Capital | Q4 2017vs Q4 2016 | $8.7MM$8.2MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $653.00K$575.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $224.00K$995.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $671.00K$705.00K |
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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 |