Brooklyn, MI · Cert 1008 · Bank Michigan Financial Corp.
State charter, Fed member · FED · 3 branches
Q2 2026
Market Position · Jackson, MI · 2026 SOD (annual) · 3.0% share · #7 of 12 inst. · $0.1B of $2.4B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -4.37% | -5.81% | 0.02% | 1.01% | 15.32% | 4.40% | 0.45% | 0.88% | -13 bps | |
| Return on Equity | -48.24% | -76.91% | 0.27% | 11.33% | 143.11% | 35.77% | 3.71% | 7.73% | -359 bps | |
| Net Interest Margin | 4.33% | 3.98% | 4.43% | 4.74% | 4.47% | 4.75% | 4.53% | 4.29% | -44 bps | |
| Efficiency Ratio | 93.86% | 112.23% | 95.98% | 97.57% | 25.15% | 91.48% | 88.59% | 79.27% | -1,830 bps | |
| Non-Interest Burden | 3.86% | 4.64% | 4.19% | 4.60% | -12.66% | 4.19% | 3.84% | 3.03% | -157 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 9.68% | 11.58% | 13.48% | 5.27% | 8.04% | 16.22% | 20.75% | 33.51% | +2,823 bps | |
| Loan Growth (YoY) | 11.80% | 16.58% | 20.39% | 15.47% | 4.80% | 12.55% | 13.02% | 30.12% | +1,465 bps | |
| Deposit Growth (YoY) | 8.52% | 17.27% | 17.23% | 5.89% | 3.71% | 9.46% | 17.56% | 28.90% | +2,300 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.13% | 2.70% | 3.46% | 5.79% | 2.65% | 1.51% | 1.25% | 1.03% | -476 bps | |
| Net Charge-Offs / Loans | 4.53% | 0.02% | 2.21% | 0.00% | -4.48% | 2.67% | -0.51% | -0.25% | -26 bps | |
| Allowance / Loans | 2.32% | 2.45% | 1.85% | 1.54% | 1.93% | 1.16% | 1.26% | 1.16% | -39 bps | |
| Allowance Coverage of NPLs | 2.1x | 0.9x | 0.5x | 0.3x | 0.7x | 0.8x | 1.0x | 1.1x | +0.9x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.59% | 7.13% | 9.10% | 9.19% | 12.76% | 12.94% | 12.17% | 11.25% | +206 bps | |
| Total Risk-Based Capital | 11.14% | 10.18% | 12.16% | 12.10% | 17.86% | 16.93% | 15.79% | 13.87% | +176 bps | |
| Equity / Assets | 8.37% | 6.75% | 8.79% | 9.07% | 12.23% | 12.34% | 11.90% | 11.01% | +194 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 90.19% | 90.98% | 96.26% | 97.97% | 91.14% | 93.55% | 92.54% | 98.90% | +93 bps | |
| Liquid Assets / Assets | 8.52% | 6.58% | 5.45% | 4.10% | 12.32% | 9.81% | 9.12% | 7.52% | +341 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 422% | 477% | 516% | n/a | n/a | |