Overview / Commentary
400 Sunday Lake St.
Wakefield, MI 49968

The First National Bank of Wakefield is headquartered in Wakefield and is the 94th largest bank in the state of Michigan. It is also the 4,991st largest bank in the nation. It was established in 1910 and as of September 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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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

FDIC Certificate #5076
Year Established1910
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD6.76%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$49.4MM$48.6MM
LoansQ3 2018vs Q3 2017$20.5MM$21.4MM
DepositsQ3 2018vs Q3 2017$45.0MM$43.9MM
Equity CapitalQ3 2018vs Q3 2017$4.2MM$4.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$293.00K$294.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$514.00K$754.00K
Real Estate OwnedQ3 2018vs Q3 2017$373.00K$375.00K

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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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