bank holding company · RSSD 1123933 · MI
How big is MACKINAC FINANCIAL CORPORATION?
MACKINAC FINANCIAL CORPORATION (MI, RSSD 1123933) reported consolidated total assets of $1.3B, deposits of $1.0B and a Tier 1 risk-based capital ratio of 11.87% in its FR Y-9C for 2018Q2. That ranks 518 of 650 bank holding companies by assets, 391 of 492 among bank holding companies with $1b-$10b in assets, 13 of 13 bank holding companies in michigan.
What stands out
MACKINAC FINANCIAL CORPORATION (MI, RSSD 1123933) reported consolidated total assets of $1.3B, deposits of $1.0B and a Tier 1 risk-based capital ratio of 11.87% in its FR Y-9C for 2018Q2. That ranks 518 of 650 bank holding companies by assets, 391 of 492 among bank holding companies with $1b-$10b in assets, 13 of 13 bank holding companies in michigan. Against its size class: tier 1 risk-based capital ratio 11.87%, below the peer median of 12.60%; tier 1 leverage ratio 9.39%, below the peer median of 10.12%; return on assets 0.30%, below the peer median of 1.11%. At 11.87% its Tier 1 risk-based ratio is above the 6% minimum of the Federal Reserve's capital rule in force since 2015; its leverage ratio of 9.39% is above the 4% minimum. Buffers, stress tests and the small-holding-company exemption are not applied here. The last report on record is for 2018Q2; the holding company may have merged, deregistered or fallen below the filing threshold after that.
Key figures, 2018Q2
As filed on the FR Y-9C; ratios marked computed are FACTANKER's. Peer medians are percentile_cont over the group in the same quarter.
| Measure | 2018Q2 | Median, size class | Median, state | Median, all | Evidence |
|---|---|---|---|---|---|
| Total assets | $1.3B | $1.9B | $1.9B | $2.3B | record → |
| Total deposits | $1.0B | $1.5B | $1.6B | $1.8B | record → |
| Loans and leases | $1.0B | $1.3B | $1.5B | $1.6B | record → |
| Net income (year to date) | $1.9M | $11.2M | $18.0M | $13.4M | record → |
| Total equity capital | $148.9M | $198.3M | $191.9M | $251.4M | record → |
| Equity to assets | 11.68% | 10.25% | 10.42% | 10.57% | computed |
| Tier 1 risk-based capital ratio | 11.87% | 12.60% | 12.45% | 12.70% | record → |
| Total risk-based capital ratio | 12.39% | 14.11% | 14.04% | 14.27% | record → |
| Tier 1 leverage ratio | 9.39% | 10.12% | 9.88% | 10.05% | record → |
| Return on assets | 0.30% | 1.11% | 1.24% | 1.12% | computed |
Quarter by quarter
98 reports on record, 1994Q1–2018Q2; the 40 most recent shown.
| Quarter | Total assets | Deposits | Loans | Net income YTD | Equity | Tier 1 ratio | Rank |
|---|---|---|---|---|---|---|---|
| 2018Q2 | $1.3B | $1.0B | $1.0B | $1.9M | $148.9M | 11.87% | 518 |
| 2018Q1 | $983.9M | $806.8M | $812.4M | $1.5M | $81.9M | 8.79% | 624 |
| 2017Q4 | $985.4M | $818.0M | $811.1M | $5.5M | $81.4M | 8.66% | 607 |
| 2017Q3 | $1.0B | $835.2M | $808.1M | $5.5M | $82.6M | 8.47% | 610 |
| 2017Q2 | $1.0B | $848.2M | $790.8M | $3.4M | $81.3M | 8.57% | 611 |
| 2017Q1 | $976.6M | $821.8M | $786.5M | $1.7M | $80.0M | 8.53% | 633 |
| 2016Q4 | $983.5M | $823.5M | $781.9M | $4.5M | $78.6M | 8.80% | 606 |
| 2016Q3 | $959.1M | $807.2M | $756.8M | $2.8M | $78.3M | 8.65% | 611 |
| 2016Q2 | $892.3M | $738.4M | $725.6M | $1.0M | $77.1M | 9.01% | 625 |
| 2016Q1 | $732.9M | $593.0M | $618.6M | $1.1M | $77.4M | 10.80% | 647 |
| 2015Q4 | $739.3M | $610.3M | $618.4M | $5.6M | $76.6M | 11.00% | 635 |
| 2015Q3 | $755.0M | $622.3M | $619.9M | $4.0M | $76.1M | 10.28% | 636 |
| 2015Q2 | $735.3M | $588.8M | $615.2M | $3.0M | $75.7M | 10.17% | 640 |
| 2015Q1 | $728.8M | $597.9M | $597.7M | $1.4M | $75.0M | 10.76% | 648 |
| 2014Q4 | $743.8M | $607.0M | $600.9M | $1.7M | $74.0M | 10.35% | 774 |
| 2014Q3 | $613.9M | $491.2M | $518.4M | $2.4M | $67.1M | 11.86% | 920 |
| 2014Q2 | $595.9M | $484.0M | $502.9M | $1.5M | $66.5M | 11.87% | 938 |
| 2014Q1 | $583.6M | $475.7M | $485.9M | $660.0k | $65.7M | 11.94% | 959 |
| 2013Q4 | $572.8M | $466.3M | $483.8M | $5.9M | $65.2M | 11.83% | 961 |
| 2013Q3 | $567.9M | $461.7M | $472.5M | $3.0M | $67.0M | 12.50% | 983 |
| 2013Q2 | $553.5M | $447.9M | $455.6M | $2.1M | $66.5M | 12.74% | 1002 |
| 2013Q1 | $541.9M | $425.2M | $454.1M | $813.0k | $73.0M | 13.98% | 1038 |
| 2012Q4 | $546.0M | $434.6M | $449.2M | $7.1M | $72.4M | 13.81% | 1011 |
| 2012Q3 | $551.1M | $439.4M | $434.0M | $6.0M | $72.9M | 14.02% | 1010 |
| 2012Q2 | $524.4M | $425.4M | $419.5M | $5.0M | $60.4M | 11.61% | 1053 |
| 2012Q1 | $506.5M | $412.1M | $414.4M | $691.0k | $56.1M | 11.55% | 1080 |
| 2011Q4 | $498.3M | $404.8M | $401.2M | $2.2M | $55.3M | 11.62% | 938 |
| 2011Q3 | $498.6M | $405.1M | $391.9M | $2.1M | $55.5M | 11.65% | 935 |
| 2011Q2 | $492.4M | $399.7M | $394.8M | $1.2M | $54.8M | 11.40% | 946 |
| 2011Q1 | $492.8M | $400.8M | $374.6M | $445.0k | $54.1M | 11.69% | 951 |
| 2010Q4 | $478.7M | $386.8M | $383.1M | $-418.0k | $53.9M | 11.36% | 936 |
| 2010Q3 | $499.0M | $404.5M | $382.7M | $1.5M | $56.0M | 11.73% | 923 |
| 2010Q2 | $500.8M | $405.8M | $384.8M | $1.4M | $56.2M | 11.65% | 935 |
| 2010Q1 | $502.4M | $405.2M | $377.3M | $3.7M | $58.7M | 12.48% | 954 |
| 2009Q4 | $515.4M | $421.4M | $384.3M | $2.4M | $55.3M | 11.92% | 912 |
| 2009Q3 | $513.2M | $418.6M | $384.2M | $2.4M | $55.8M | 12.18% | 914 |
| 2009Q2 | $506.3M | $413.2M | $372.1M | $689.0k | $53.9M | 11.94% | 935 |
| 2009Q1 | $466.4M | $385.8M | $371.0M | $90.0k | $41.9M | 9.31% | 970 |
| 2008Q4 | $451.4M | $371.1M | $371.7M | $1.9M | $41.6M | 9.25% | 915 |
| 2008Q3 | $441.0M | $360.7M | $362.0M | $2.1M | $41.4M | 9.40% | 918 |
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