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Honor Bank


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

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.

Reviews

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Health

Health Grade Components

Overall
FDIC Certificate #8165
Year Established1917
Employees72
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD10.17%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$238.9MM$236.4MM
LoansQ1 2019vs Q1 2018$190.3MM$179.9MM
DepositsQ1 2019vs Q1 2018$207.8MM$206.8MM
Equity CapitalQ1 2019vs Q1 2018$21.7MM$20.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.4MM$2.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$293.00K$1.0MM
Real Estate OwnedQ1 2019vs Q1 2018$631.00K$445.00K
Rates

Rates for Honor Bank are currently being reviewed.

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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