Honor Bank is headquartered in HONOR and is the 38th largest bank in the state of Michigan. It is also the 2,055th largest bank in the nation. It was established in 1917 and as of March of 2025, it had grown to 74 employees at 9 locations. Honor Bank has an A health rating.
Overall | |
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FDIC Certificate # | 8165 |
Year Established | 1917 |
Employees | 74 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.17% |
Return on Equity - YTD | 12.74% |
Annual Interest Income | $5.2MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $410.2MM$386.8MM |
Loans | Q1 2025vs Q1 2024 | $324.3MM$294.8MM |
Deposits | Q1 2025vs Q1 2024 | $365.8MM$345MM |
Equity Capital | Q1 2025vs Q1 2024 | $38.5MM$35.1MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $4.1MM$3.9MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $151K$102K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Rates for Honor Bank are currently being reviewed.
Honor Bank Locations | ||
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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 St | 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 |
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