Honor Bank: how it compares with its peers
Against 31 MI banks with half to twice its assets, Honor Bank's strongest measure in Q2 2026 is efficiency ratio (62.03% vs. a 63.62% peer median). Its weakest relative measure is assets per employee ($5.9M vs. $6.3M).
| Measure | Honor Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.34% | 1.35% | Middle third Ahead of 48% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.22% | 4.14% | Middle third Ahead of 52% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.03% | 63.62% | Middle third Ahead of 58% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.9M | $6.3M | Middle third Ahead of 35% of peers |
| Loans to deposits Net loans and leases over total deposits. | 92.23% | 74.23% | Context |
What it means for lending operations
Its efficiency ratio of 62.03% is better than the 63.62% 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
- State Savings Bank Frankfort, MI · $431M
- Chelsea State Bank Chelsea, MI · $417M
- Lake-Osceola State Bank Baldwin, MI · $469M
- Citizens National Bank of Cheboygan Cheboygan, MI · $471M
- First Community Bank Harbor Springs, MI · $414M
- The Shelby State Bank Shelby, MI · $397M
Questions about Honor Bank
How big is Honor Bank?
Honor Bank, established in 1917, is headquartered in Honor, MI. It reported $443M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is Honor Bank's return on assets?
1.34% annualized in Q2 2026, against a 1.35% median for 31 MI banks with half to twice its assets, ahead of 48% of them.
What is Honor Bank's efficiency ratio?
62.03% in Q2 2026: it spent about 62 cents in noninterest expense for each dollar of revenue. The peer median is 63.62%, and lower is better.
Is Honor Bank growing its loans?
Net loans grew 7.0% over the year to Q2 2026, while deposits grew 4.4%.
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.