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 96th largest bank in the state of Michigan. It is also the 5,076th largest bank in the nation. It was established in 1910 and as of June 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 - YTD0.58%
Return on Equity - YTD6.41%
Annual Interest Income$961.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$48.3MM$48.8MM
LoansQ2 2018vs Q2 2017$20.5MM$20.7MM
DepositsQ2 2018vs Q2 2017$43.9MM$44.0MM
Equity CapitalQ2 2018vs Q2 2017$4.3MM$4.7MM
Loan Loss AllowanceQ2 2018vs Q2 2017$293.00K$300.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$432.00K$464.00K
Real Estate OwnedQ2 2018vs Q2 2017$373.00K$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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