Mi Bank
Major Rating Factors:
Operating profits as a percentage of assets at 0.3%, coupled with a return on assets of 0.2 has resulted in Weak (1.8) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.3 on a scale of 0 to 10).
Other Rating Factors:
Weak liquidity 1.2, driven by a liquidity ratio of 24.4 percent and a “hot money” ratio of 4.8 percent. A current level of 12.6 percent of nonperforming loans to core capital combined with 1.3 percent from a year earlier contributes to the Good asset quality (5.5).
Asset Mix:
Comm re (27%), cash (21%), comm loans (20%), securities (4%), home mtgs (2%), other (26%)
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.