Mi Bank: how it compares with its peers
Against 27 MI banks with half to twice its assets, Mi Bank's strongest measure in Q2 2026 is assets per employee ($12.3M vs. a $5.8M peer median). Its weakest relative measure is net interest margin (3.30% vs. 4.23%).
| Measure | Mi Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.92% | 0.95% | Middle third Ahead of 48% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.30% | 4.23% | Bottom third Ahead of 19% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 63.62% | 67.48% | Middle third Ahead of 63% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.3M | $5.8M | Top third Ahead of 100% of peers |
| Loans to deposits Net loans and leases over total deposits. | 93.67% | 73.84% | Context |
What it means for lending operations
Its efficiency ratio of 63.62% is better than the 67.48% 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
- Charlevoix State Bank Charlevoix, MI · $248M
- Capitol National Bank Lansing, MI · $209M
- Huron Valley State Bank Milford, MI · $292M
- Northern Interstate Bank, N. A. Norway, MI · $194M
- Peoples State Bank of Munising Munising, MI · $190M
- Dearborn Federal Savings Bank Dearborn, MI · $307M
Questions about Mi Bank
How big is Mi Bank?
Mi Bank, established in 2019, is headquartered in Bloomfield Township, MI. It reported $245M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Mi Bank's return on assets?
0.92% annualized in Q2 2026, against a 0.95% median for 27 MI banks with half to twice its assets, ahead of 48% of them.
What is Mi Bank's efficiency ratio?
63.62% in Q2 2026: it spent about 64 cents in noninterest expense for each dollar of revenue. The peer median is 67.48%, and lower is better.
Is Mi Bank growing its loans?
Net loans grew 0.7% over the year to Q2 2026, while deposits shrank 3.3%.
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.