Saint Ignace, MI · Cert 5074 · Mackinac National Bcorp Inc.
National charter · OCC · 7 branches
Q2 2026
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 | 1.34% | 1.11% | -0.03% | -0.01% | 0.07% | -0.01% | 0.63% | 0.63% | +64 bps | |
| Return on Equity | 53.80% | 41.85% | -0.80% | -0.22% | 1.87% | -0.18% | 12.02% | 11.97% | +1,218 bps | |
| Net Interest Margin | 1.76% | 1.84% | 1.72% | 1.87% | 1.86% | 1.98% | 2.75% | 2.83% | +97 bps | |
| Efficiency Ratio | 55.81% | 60.42% | 102.14% | 101.20% | 96.75% | 91.22% | 74.69% | 74.96% | -2,624 bps | |
| Non-Interest Burden | -0.06% | 0.37% | 1.77% | 1.89% | 1.78% | 1.77% | 1.97% | 2.03% | +14 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.40% | -3.66% | 5.94% | 5.04% | 2.12% | 8.31% | 4.23% | 4.36% | -68 bps | |
| Loan Growth (YoY) | 0.82% | 2.07% | 13.56% | 16.69% | 16.13% | 18.15% | 7.78% | 7.03% | -967 bps | |
| Deposit Growth (YoY) | -1.44% | -3.89% | 5.25% | 3.42% | 1.24% | 5.98% | 2.52% | 2.96% | -46 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.19% | 0.27% | 0.00% | 0.45% | 0.00% | 0.74% | 0.04% | 0.65% | +20 bps | |
| Net Charge-Offs / Loans | 0.07% | 0.08% | -0.04% | -0.03% | -0.03% | -0.01% | 0.33% | 0.17% | +20 bps | |
| Allowance / Loans | 1.05% | 1.01% | 0.93% | 0.92% | 0.93% | 0.88% | 0.78% | 0.77% | -15 bps | |
| Allowance Coverage of NPLs | 5.5x | 3.8x | n/a | 2.0x | n/a | 1.2x | 19.2x | 1.2x | -0.8x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.10% | 7.21% | 7.62% | 7.71% | 6.99% | 7.09% | 7.42% | 7.78% | +7 bps | |
| Total Risk-Based Capital | 17.12% | 17.29% | 15.94% | 16.21% | 17.07% | 16.62% | 16.58% | 16.73% | +52 bps | |
| Equity / Assets | 3.32% | 3.30% | 3.87% | 4.13% | 4.24% | 5.25% | 5.31% | 5.25% | +112 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 25.94% | 29.98% | 33.46% | 34.06% | 29.76% | 33.42% | 35.18% | 35.41% | +134 bps | |
| Liquid Assets / Assets | 16.56% | 7.56% | 6.51% | 7.64% | 20.32% | 14.04% | 10.47% | 10.03% | +239 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 226% | 228% | 222% | n/a | n/a | |