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The First National Bank of Wakefield

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.46%1-year CD12 Month CD
0.10%SavingsRegular Savings
0.90%3-year CD36 Month CD

Overview / Commentary
906-224-9581
401 Sunday Lake Street
Wakefield, MI 49968

The First National Bank of Wakefield is headquartered in Wakefield and is the 104th largest bank in the state of Michigan. It is also the 5,362nd largest bank in the nation. It was established in 1910 and as of December of 2016, it had grown to 15 employees at 2 locations. The First National Bank of Wakefield has a B health rating.

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Health
Additional 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 low asset base.

Health Grade Components

Overall
FDIC Certificate #5076
Year Established1910
Employees15
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD5.3%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$49.3MM$48.8MM
LoansQ4 2016vs Q4 2015$20.5MM$20.2MM
DepositsQ4 2016vs Q4 2015$44.8MM$44.0MM
Equity CapitalQ4 2016vs Q4 2015$4.4MM$4.7MM
Loan Loss AllowanceQ4 2016vs Q4 2015$300.00K$323.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$0$90.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates
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The First National Bank of Wakefield Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Regular Savings

The First National Bank of Wakefield Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2,500-Money Market Account

The First National Bank of Wakefield Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-Now Account
0.10%$2,500-Super Now Account

The First National Bank of Wakefield CD Rates

APYMINMAXACCOUNT NAMEVIEW 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 Branch1008 East Lead StreetBessemer, MI 49911
The First National Bank Of Wakefield401 Sunday Lake StreetWakefield, MI 49968