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Overview / Commentary
906-341-8401
130 South Cedar Street
Manistique, MI 49854

mBank is headquartered in Manistique and is the 13th largest bank in the state of Michigan. It is also the 774th largest bank in the nation. It was established in 1934 and as of March of 2018, it had grown to 227 employees at 24 locations. mBank has a B+ health rating.

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Reviews (1)

Overdraft Fees

Posted by: Conrad906 | Apr 21, 2011

This bank in Michigan has a few convenient locations. The staff is usually somewhat friendly and helpful. The number and types of services is limited, and the rates on certificates of deposit and savings accounts are lower than average. Another problem with this bank is that they charge huge overdraft fee's instead of denying your debit card at the point of sale. Their online banking system is sometimes delayed and this leads to lots of overdraft fees. If you are looking for a bank with lenient overdraft policies look elsewhere.



Health
B+

Health Grade Components

Overall
FDIC Certificate #14816
Year Established1934
Employees227
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD8.28%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$982.4MM$972.8MM
LoansQ1 2018vs Q1 2017$807.4MM$781.3MM
DepositsQ1 2018vs Q1 2017$808.9MM$823.8MM
Equity CapitalQ1 2018vs Q1 2017$98.9MM$96.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$5.1MM$5.1MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$4.3MM$3.7MM
Real Estate OwnedQ1 2018vs Q1 2017$2.5MM$4.5MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

mBank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Statement Savings
0.05%--Minor Statement Savings
0.05%--Christmas Club
0.05%--Canadian Savings

mBank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Premium Money Market Personal
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.15% $50k - $100k
0.15%*$100k*-Premium Money Market Business
OTHER TIERS: 0.05% $5k - $50k | 0.10% $50k - $100k

mBank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Green Checking
0.20%--Business Green Checking
0.15%*$50k*-Business Now Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k
0.15%*$100k*-High Yield Checking
OTHER TIERS: 0.10% Up to $100k
0.15%--Business High Yield Checking
0.15%--Rewards 55

mBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$250-48 - 60 Month CD
1.75%$250-36 - 47 Month CD
1.25%$250-24 - 35 Month CD
1.00%$250-18 - 23 Month CD
0.85%$250-13 - 17 Month CD
0.75%$250-12 Month CD
0.75%$250-30 Month Canadian CD
0.50%$250-6 - 11 Month CD
0.35%$250-2 - 5 Month CD
0.10%$100k-30 Day Jumbo CD Special

mBank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$250-48 - 60 Month IRA
1.75%$250-36 - 47 Month IRA
1.25%$250-24 - 35 Month IRA
1.00%$250-18 - 23 Month IRA
0.85%$250-13 - 17 Month IRA
0.75%$250-12 Month IRA
0.75%$250-30 Month Canadian IRA
0.50%$250-6 - 11 Month IRA
0.35%$250-2 - 5 Month IRA
0.10%$100k-30 Day Jumbo Special IRA
Locations

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