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 98th largest bank in the state of Michigan. It is also the 5,125th largest bank in the nation. It was established in 1910 and as of March of 2018, 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 - YTD0.73%
Return on Equity - YTD7.98%
Annual Interest Income$478.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$48.5MM$50.4MM
LoansQ1 2018vs Q1 2017$20.5MM$20.5MM
DepositsQ1 2018vs Q1 2017$44.0MM$45.8MM
Equity CapitalQ1 2018vs Q1 2017$4.3MM$4.5MM
Loan Loss AllowanceQ1 2018vs Q1 2017$293.00K$300.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$468.00K$0
Real Estate OwnedQ1 2018vs Q1 2017$549.00K$375.00K
Rates

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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

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