Baybank: how it compares with its peers
Against 22 MI banks with half to twice its assets, Baybank's strongest measure in Q2 2026 is net interest margin (4.81% vs. a 3.78% peer median). Its weakest relative measure is assets per employee ($4.7M vs. $5.6M).
| Measure | Baybank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.23% | 0.91% | Top third Ahead of 77% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.81% | 3.78% | Top third Ahead of 86% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 65.93% | 71.01% | Top third Ahead of 68% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.7M | $5.6M | Bottom third Ahead of 32% of peers |
| Loans to deposits Net loans and leases over total deposits. | 92.45% | 73.28% | Context |
What it means for lending operations
Its efficiency ratio of 65.93% is better than the 71.01% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Bank Michigan Brooklyn, MI · $176M
- The State Savings Bank of Manistique Manistique, MI · $178M
- Peoples State Bank of Munising Munising, MI · $190M
- Bay Port State Bank Bay Port, MI · $153M
- Northern Interstate Bank, N. A. Norway, MI · $194M
- Sidney State Bank Sidney, MI · $139M
Questions about Baybank
How big is Baybank?
Baybank, established in 1912, is headquartered in Gladstone, MI. It reported $173M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Baybank's return on assets?
1.23% annualized in Q2 2026, against a 0.91% median for 22 MI banks with half to twice its assets, ahead of 77% of them.
What is Baybank's efficiency ratio?
65.93% in Q2 2026: it spent about 66 cents in noninterest expense for each dollar of revenue. The peer median is 71.01%, and lower is better.
Is Baybank growing its loans?
Net loans grew 7.1% over the year to Q2 2026, while deposits grew 0.4%.
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.