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2254 Henry Street
Honor, MI 49640

Honor Bank is headquartered in Honor and is the 62nd largest bank in the state of Michigan. It is also the 3,022nd largest bank in the nation. It was established in 1917 and as of June of 2016, it had grown to 76 employees at 9 locations. Honor Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #8165
Year Established1917
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD7.82%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$197.7MM$191.6MM
LoansQ2 2016vs Q2 2015$158.0MM$134.9MM
DepositsQ2 2016vs Q2 2015$173.1MM$167.8MM
Equity CapitalQ2 2016vs Q2 2015$19.1MM$19.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.7MM$1.6MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.9MM$3.1MM
Real Estate OwnedQ2 2016vs Q2 2015$1.5MM$1.1MM
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Honor Bank Checking Account Rates

2.01%*-$10kKasasa Cash
OTHER TIERS: 0.41% $10k+

Honor Bank Locations
Garfield Avenue Branch1112 South Garfield AvenueTraverse City, MI 49686
Buckley Branch117 East Wexford AvenueBuckley, MI 49620
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
Traverse City Branch3500 Marketplace Circle, Suite CTraverse City, MI 49684
Lake Ann BranchMaple Avenue and Second StreetLake Ann Village, MI 49650