Eastern Michigan Bank: how it compares with its peers
Against 34 MI banks with half to twice its assets, Eastern Michigan Bank's strongest measure in Q2 2026 is efficiency ratio (48.60% vs. a 65.79% peer median). Its weakest relative measure is return on assets (1.42% vs. 1.23%).
| Measure | Eastern Michigan Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.42% | 1.23% | Middle third Ahead of 65% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.82% | 4.13% | Top third Ahead of 85% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 48.60% | 65.79% | Top third Ahead of 91% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.4M | $6.0M | Middle third Ahead of 65% of peers |
| Loans to deposits Net loans and leases over total deposits. | 42.33% | 76.66% | Context |
What it means for lending operations
Its efficiency ratio of 48.60% is better than the 65.79% 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
- Commercial Bank Ithaca, MI · $553M
- Eaton Community Bank Charlotte, MI · $543M
- Citizens State Bank Royal Oak, MI · $581M
- Central Savings Bank Sault Sainte Marie, MI · $517M
- Highpoint Community Bank Hastings, MI · $592M
- Grand River Bank Grandville, MI · $507M
Questions about Eastern Michigan Bank
How big is Eastern Michigan Bank?
Eastern Michigan Bank, established in 1895, is headquartered in Croswell, MI. It reported $554M in total assets in its Q2 2026 FDIC call report and operates 13 offices.
What is Eastern Michigan Bank's return on assets?
1.42% annualized in Q2 2026, against a 1.23% median for 34 MI banks with half to twice its assets, ahead of 65% of them.
What is Eastern Michigan Bank's efficiency ratio?
48.60% in Q2 2026: it spent about 49 cents in noninterest expense for each dollar of revenue. The peer median is 65.79%, and lower is better.
Is Eastern Michigan Bank growing its loans?
Net loans shrank 6.7% over the year to Q2 2026, while deposits grew 0.7%.
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.