Mi Bank
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.4 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.0 has resulted in Fair (3.1) profitability.
Other Rating Factors:
Very Weak liquidity 0.3, driven by a liquidity ratio of 12.8 percent and a “hot money” ratio of 7.6 percent. Excellent current capitalization (7.2 on a scale of 0 to 10) based on a risk-based capital ratio of 11.2 and a capital leverage ratio of 9.1.
Asset Mix:
Comm re (32%), comm loans (21%), cash (11%), securities (3%), home mtgs (3%), other (30%)
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
There are no affiliate to display.