The First National Bank of Wakefield
Overview / Commentary
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.
Health
C+
Data as of Q3 2018
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 low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5076 |
| Year Established | 1910 |
| Employees | 15 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 6.76% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $49.4MM$48.6MM |
| Loans | Q3 2018vs Q3 2017 | $20.5MM$21.4MM |
| Deposits | Q3 2018vs Q3 2017 | $45.0MM$43.9MM |
| Equity Capital | Q3 2018vs Q3 2017 | $4.2MM$4.7MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $293.00K$294.00K |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $514.00K$754.00K |
| Real Estate Owned | Q3 2018vs Q3 2017 | $373.00K$375.00K |
Rates
Sorry, we do not have rate data for The First National Bank of Wakefield.
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 |