Bank Michigan: how it compares with its peers
Against 21 MI banks with half to twice its assets, Bank Michigan's strongest measure in Q2 2026 is net interest margin (4.56% vs. a 3.78% peer median). Its weakest relative measure is efficiency ratio (83.61% vs. 70.17%).
| Measure | Bank Michigan | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.67% | 0.95% | Bottom third Ahead of 29% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.56% | 3.78% | Top third Ahead of 76% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 83.61% | 70.17% | Bottom third Ahead of 14% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.2M | $5.6M | Bottom third Ahead of 14% of peers |
| Loans to deposits Net loans and leases over total deposits. | 97.75% | 72.73% | Context |
What it means for lending operations
Its efficiency ratio of 83.61% is above the 70.17% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The State Savings Bank of Manistique Manistique, MI · $178M
- Baybank Gladstone, MI · $173M
- Peoples State Bank of Munising Munising, MI · $190M
- Northern Interstate Bank, N. A. Norway, MI · $194M
- Bay Port State Bank Bay Port, MI · $153M
- Capitol National Bank Lansing, MI · $209M
Questions about Bank Michigan
How big is Bank Michigan?
Bank Michigan, established in 1907, is headquartered in Brooklyn, MI. It reported $176M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Bank Michigan's return on assets?
0.67% annualized in Q2 2026, against a 0.95% median for 21 MI banks with half to twice its assets, ahead of 29% of them.
What is Bank Michigan's efficiency ratio?
83.61% in Q2 2026: it spent about 84 cents in noninterest expense for each dollar of revenue. The peer median is 70.17%, and lower is better.
Is Bank Michigan growing its loans?
Net loans grew 30.6% over the year to Q2 2026, while deposits grew 28.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MI banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Michigan bank ranked.