Mi Bank
Major Rating Factors:
A current level of 19.8 percent of nonperforming loans to core capital combined with 1.2 percent from a year earlier contributes to the Fair asset quality (4.5).
Other Rating Factors:
Very Weak liquidity 0.4, driven by a liquidity ratio of 14.8 percent and a “hot money” ratio of 6.4 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.8 on a scale of 0 to 10).
Asset Mix:
Comm re (31%), comm loans (22%), cash (13%), securities (3%), home mtgs (1%), other (29%)
States with Branches:
MI
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Mi Bancorp, Inc.
Investment Rating
--
Address
3707 West Maple Road
Bloomfield Hills, MI 48301
Bloomfield Hills, MI 48301
Phone Number
(855) 642-2651
Year Founded
2019
FDIC Number
Website
Largest Affiliates
No affiliate information available.