Overview / Commentary
Honor Bank is headquartered in Honor and is the 55th largest bank in the state of Michigan. It is also the 2,581st largest bank in the nation. It was established in 1917 and as of March of 2019, it had grown to 72 employees at 9 locations. Honor Bank has an A health rating.
Health
A
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8165 |
| Year Established | 1917 |
| Employees | 72 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 10.17% |
| Annual Interest Income | $2.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $238.9MM$236.4MM |
| Loans | Q1 2019vs Q1 2018 | $190.3MM$179.9MM |
| Deposits | Q1 2019vs Q1 2018 | $207.8MM$206.8MM |
| Equity Capital | Q1 2019vs Q1 2018 | $21.7MM$20.1MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $2.4MM$2.0MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $293.00K$1.0MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $631.00K$445.00K |
Rates
Rates for Honor Bank are currently being reviewed.
Locations
| Honor Bank Locations | ||
|---|---|---|
| Buckley Branch | 117 East Wexford Avenue | Buckley, MI 49620 |
| Garfield Avenue Branch | 1112 South Garfield Avenue | Traverse City, MI 49686 |
| Bear Lake Branch | 11926 Chippewa Highway | Bear Lake, MI 49614 |
| Benzonia Branch | 1720 Benzie Highway | Benzonia Township, MI 49616 |
| Copemish Branch | 18075 Cadillac Highway | Copemish, MI 49625 |
| Honor Bank | 2254 Henry Street | Honor, MI 49640 |
| Lake Ann Branch | Maple Avenue and Second Street | Lake Ann Village, MI 49650 |
| Honor Bank | 430 S Union St | Traverse City, MI 49684 |