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Honor Bank, Financial Information

About Honor Bank

 Address:
2254 Henry Street
Honor, MI
Benzie County, Michigan
 Established:
Jun 1917
 Number of domestic offices:
9
Total assets$296M
Net income$3M
Net income, quarterly$1M
Total deposits$268M
Domestic deposits$268M
Equity capital$26M
ROA1.22%
ROAQ, quarterly1.56%
ROA, pretax1.56%
ROAQ, quarterly, pretax1.98%
ROE13.59%
ROEQ, quarterly18.15%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Founded in 1917 in Honor, Michigan, Honor Bank is a community bank in the truest sense. The bank have eight branches throughout northern Michigan. Honor bank was established in 1917.

Main office
2254 Henry Street
Honor, MI 49640
Benzie County
Phone: 231-325-8031

Historical Data