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Bank of Michigan, Financial Information

AboutBank of Michigan

 Address:
30095 Northwestern Highway
Farmington,MI
Oakland County,Michigan
 Established:
Jan 2005
 Number of domestic offices:
1
Total assets$93M
Net income$0M
Net income,quarterly$0M
Total deposits$85M
Domestic deposits$85M
Equity capital$8M
ROA0.43%
ROAQ,quarterly0.77%
ROA,pretax0.77%
ROAQ,quarterly,pretax1.18%
ROE5.09%
ROEQ,quarterly8.75%
UpdatedApr 11, 2013

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.

Historical Data