Honor Bank

Overview / Commentary

www.myhonorbank.com

231-639-1701

2254 Henry Street
Honor, MI 49640

Honor Bank is headquartered in Honor and is the 49^th largest bank in the state of Michigan. It is also the 2,281^st 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.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q3 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	8165
Year Established	1917
Employees	78
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.59%
Return on Equity - YTD	18.92%
Annual Interest Income	$8.7MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$347.5MM$292.2MM
Loans	Q3 2021vs Q3 2020	$240.5MM$240.8MM
Deposits	Q3 2021vs Q3 2020	$316.7MM$265.1MM
Equity Capital	Q3 2021vs Q3 2020	$29.0MM$25.1MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$3.2MM$3.9MM
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$332.00K$769.00K
Real Estate Owned	Q3 2021vs Q3 2020	$72.00K$72.00K

Rates

Skip to rates for:

Savings
Money Market
Checking

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Honor Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Honor Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	-	$100k	Kasasa Saver

Honor Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.45%^*	-	$10k	Kasasa Cash
OTHER TIERS: 0.10% → $10k+

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.