Overview / Commentary
Old Mission Bank is headquartered in Sault Sainte Mar and is the 68th largest bank in the state of Michigan. It is also the 3,653rd largest bank in the nation. It was established in 2000 and as of June of 2020, it had grown to 33 employees at 2 locations. Old Mission Bank has an A health rating.
Reviews (1)
Sevice Is Poor
Posted by: Anonymous | Nov 1, 2011
Terrible, always wanting more documentations. Also, they use a title company that is bad.
Health
A
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35303 |
| Year Established | 2000 |
| Employees | 33 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.73% |
| Return on Equity - YTD | 14.56% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $133.4MM$123.4MM |
| Loans | Q2 2020vs Q2 2019 | $63.5MM$58.8MM |
| Deposits | Q2 2020vs Q2 2019 | $115.2MM$107.4MM |
| Equity Capital | Q2 2020vs Q2 2019 | $15.8MM$13.8MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $974.00K$880.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $720.00K$1.3MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $545.00K$66.00K |