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 (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -1.59% | -2.70% | 0.02% | 0.52% | 5.53% | 5.20% | 0.45% | 0.67% | +15 bps | |
| Return on Equity | -16.35% | -29.79% | 0.27% | 6.29% | 59.67% | 52.30% | 3.71% | 5.73% | -57 bps | |
| Net Interest Margin | 4.27% | 4.14% | 4.43% | 4.54% | 4.43% | 4.38% | 4.53% | 4.19% | -36 bps | |
| Efficiency Ratio | 97.32% | 100.74% | 95.98% | 96.77% | 48.62% | 55.65% | 88.59% | 83.61% | -1,316 bps | |
| Non-Interest Burden | 4.06% | 4.18% | 4.19% | 4.36% | -1.40% | 0.05% | 3.84% | 3.25% | -111 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 | 1.51% | 1.08% | 2.21% | 1.10% | -0.73% | 0.18% | -0.51% | -0.34% | -144 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 | |