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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
400 Sunday Lake St.
Wakefield, MI 49968

The First National Bank of Wakefield is headquartered in Wakefield and is the 100th largest bank in the state of Michigan. It is also the 5,236th largest bank in the nation. It was established in 1910 and as of September of 2017, it had grown to 15 employees at 2 locations. The First National Bank of Wakefield has a C 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 - YTD0.72%
Return on Equity - YTD7.75%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$48.6MM$50.8MM
LoansQ3 2017vs Q3 2016$21.4MM$20.3MM
DepositsQ3 2017vs Q3 2016$43.9MM$45.8MM
Equity CapitalQ3 2017vs Q3 2016$4.7MM$4.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$294.00K$303.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$754.00K$0
Real Estate OwnedQ3 2017vs Q3 2016$375.00K$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