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Overview / Commentary
906-428-4040
104 South Tenth Street
Gladstone, MI 49837

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.

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Health
B+
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 Established1912
Employees29
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD8.49%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$91.4MM$89.0MM
LoansQ4 2017vs Q4 2016$62.7MM$52.3MM
DepositsQ4 2017vs Q4 2016$78.1MM$79.9MM
Equity CapitalQ4 2017vs Q4 2016$8.7MM$8.2MM
Loan Loss AllowanceQ4 2017vs Q4 2016$653.00K$575.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$224.00K$995.00K
Real Estate OwnedQ4 2017vs Q4 2016$671.00K$705.00K
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$10kKasasa Saver
OTHER TIERS: 0.10% $10k+

Baybank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kKasasa Cash
OTHER TIERS: 0.05% $10k+
Locations


Baybank Locations
Baybank104 South Tenth StreetGladstone, MI 49837
Escanaba Branch2404 Third Avenue NorthEscanaba, MI 49829
Rapid River Branch10513 North Main StreetRapid River, MI 49878

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