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Overview / Commentary
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 5,191st largest bank in the nation. It was established in 1910 and as of December of 2017, it had grown to 14 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 - YTD0.49%
Return on Equity - YTD5.27%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$48.0MM$49.3MM
LoansQ4 2017vs Q4 2016$20.8MM$20.5MM
DepositsQ4 2017vs Q4 2016$43.4MM$44.8MM
Equity CapitalQ4 2017vs Q4 2016$4.5MM$4.4MM
Loan Loss AllowanceQ4 2017vs Q4 2016$300.00K$300.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$570.00K$0
Real Estate OwnedQ4 2017vs Q4 2016$476.00K$0

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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