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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 773rd largest bank in the nation. It was established in 1934 and as of December of 2017, it had grown to 220 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 Grade Components

FDIC Certificate #14816
Year Established1934
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD7.06%
Annual Interest Income$44.4MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$981.2MM$978.5MM
LoansQ4 2017vs Q4 2016$806.0MM$776.8MM
DepositsQ4 2017vs Q4 2016$818.8MM$824.1MM
Equity CapitalQ4 2017vs Q4 2016$97.2MM$97.4MM
Loan Loss AllowanceQ4 2017vs Q4 2016$5.0MM$5.0MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.6MM$4.1MM
Real Estate OwnedQ4 2017vs Q4 2016$3.6MM$4.8MM
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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

0.05%--Statement Savings
0.05%--Minor Statement Savings
0.05%--Christmas Club
0.05%--Canadian Savings

mBank Money Market Rates

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

1.93%--Municipal Checking
1.75%--Municipal Checking/Corp.Cash
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

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

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