Mayville State Bank, Financial Information

AboutMayville State Bank

 Address:
37 E. Ohmer Rd.
Mayville,MI
Tuscola County,Michigan
 Established:
Apr 1885
 Number of domestic offices:
2
Total assets$100M
Net income$1M
Net income,quarterly$0M
Total deposits$90M
Domestic deposits$90M
Equity capital$10M
ROA0.68%
ROAQ,quarterly1.13%
ROA,pretax1.13%
ROAQ,quarterly,pretax0.76%
ROE6.35%
ROEQ,quarterly10.87%
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.

The Bank Of Mayville was the first bank founded in the Village of Mayville in 1885. By 1887 the bank was prosperous enough to support the construction of a new building located at 6101 Fulton Street, across the street from its original headquarters in the Fox Department Store. The new building was two stories, housing the law offices of T. J. Eveland upstairs and the first story remained the office of the bank until 1957, a period of 70 years.

In 1915, Bank of Mayville was converted from a private bank to a state bank. This led to change the bank’s name to Mayville State Bank.

The 1990’s were very successful for the bank and resulted in two new banking locations. The first new office opened in nearby Millington during the late summer of 1994. This full service facility has proven to be a valuable asset to the bank as well as to the community of Millington. In 1997, Mayville State Bank opened an office inside Wingert’s Food Center and it, too, has been well received. This full service facility has earned a niche in the community by being open seven days a week.

Mayville office
6104 Fulton St. Mayville, MI 48744
phone: (989) 843-6145
toll free: 1-800-732-0642
fax: (989) 843-6153

Millington office
8428 N State St. Millington, MI 48768
phone: (989) 871-5501
fax: (989) 871-5506

Supermarket office, Wingert's Foodcenter
315 E Main St. Mayville, MI 48744
phone: (989) 843-0012
fax: (989) 843-0063