Honor Bank


Overview / Commentary
231-639-1701
2254 Henry Street
Honor, MI 49640

Honor Bank is headquartered in Honor and is the 49th largest bank in the state of Michigan. It is also the 2,281st largest bank in the nation. It was established in 1917 and as of September of 2021, it had grown to 78 employees at 9 locations. Honor Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8165
Year Established1917
Employees78
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.59%
Return on Equity - YTD18.92%
Annual Interest Income$8.7MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$347.5MM$292.2MM
LoansQ3 2021vs Q3 2020$240.5MM$240.8MM
DepositsQ3 2021vs Q3 2020$316.7MM$265.1MM
Equity CapitalQ3 2021vs Q3 2020$29.0MM$25.1MM
Loan Loss AllowanceQ3 2021vs Q3 2020$3.2MM$3.9MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$332.00K$769.00K
Real Estate OwnedQ3 2021vs Q3 2020$72.00K$72.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Honor Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%-$100kKasasa Saver

Honor Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Front Street Money Market - New Money
OTHER TIERS: 0.10% Up to $10k | 0.17% $10k - $100k

Honor Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*-$10kKasasa Cash
OTHER TIERS: 0.10% $10k+
Locations


Honor Bank Locations
Buckley Branch117 East Wexford AvenueBuckley, MI 49620
Garfield Avenue Branch1112 South Garfield AvenueTraverse City, MI 49686
Bear Lake Branch11926 Chippewa HighwayBear Lake, MI 49614
Benzonia Branch1720 Benzie HighwayBenzonia Township, MI 49616
Copemish Branch18075 Cadillac HighwayCopemish, MI 49625
Honor Bank2254 Henry StreetHonor, MI 49640
Lake Ann BranchMaple Avenue and Second StreetLake Ann Village, MI 49650
Honor Bank430 S Union StTraverse City, MI 49684

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