BANK MICHIGAN
BROOKLYN, MICHIGAN · FDIC Cert #1008
Capital & Safety Analysis
According to FDIC financial data, BANK MICHIGAN holds a Tier 1 capital ratio of 12.06%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning BANK MICHIGAN has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
BANK MICHIGAN shows average financial health. While not alarming, its Health Score of 61/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
Frequently Asked Questions
BANK MICHIGAN has a Bank Health Score of C (61/100). It holds a Tier 1 capital ratio of 12.06%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
BANK MICHIGAN holds $125M in total assets and $106M in total deposits. It is located in BROOKLYN, MICHIGAN (FDIC Certificate #1008).
BANK MICHIGAN has a Tier 1 capital ratio of 12.06%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 2.12%, and the return on assets is -0.13%.
Yes. BANK MICHIGAN is FDIC-insured (Certificate #1008). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.