The First National Bank of Wakefield
LOCATIONS
2
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HEALTH RATING
B
View health report
CURRENT TOP RATE
0.90% APY
36 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.46% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | Regular Savings |
| 0.90% | 3-year CD | 36 Month CD 1.85% - Synchrony Bank 36 Month CD |
Overview / Commentary
The First National Bank of Wakefield is headquartered in Wakefield and is the 102nd largest bank in the state of Michigan. It is also the 5,299th largest bank in the nation. It was established in 1910 and as of March of 2017, it had grown to 15 employees at 2 locations. The First National Bank of Wakefield has a B health rating.
Health
B
Data as of Q1 2017
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The First National Bank of Wakefield has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5076 |
| Year Established | 1910 |
| Employees | 15 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 6.01% |
| Annual Interest Income | $468.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $50.4MM$49.9MM |
| Loans | Q1 2017vs Q1 2016 | $20.5MM$19.7MM |
| Deposits | Q1 2017vs Q1 2016 | $45.8MM$45.1MM |
| Equity Capital | Q1 2017vs Q1 2016 | $4.5MM$4.8MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $300.00K$319.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $0$317.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $375.00K$0 |
Rates
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The First National Bank of Wakefield Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Regular Savings |
The First National Bank of Wakefield Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $2,500 | - | Money Market Account |
The First National Bank of Wakefield Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $1k | - | Now Account | |
| 0.10% | $2,500 | - | Super Now Account |
The First National Bank of Wakefield CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.90% | $500 | - | 36 Month CD | |
| 0.78% | $500 | - | 24 Month CD | |
| 0.46% | $500 | - | 12 Month CD | |
| 0.26% | $500 | - | 6 Month CD |
Locations
| The First National Bank of Wakefield Locations | ||
|---|---|---|
| Bessemer Branch | 1008 East Lead Street | Bessemer, MI 49911 |
| The First National Bank Of Wakefield | 401 Sunday Lake Street | Wakefield, MI 49968 |