Bank Michigan is a state-chartered bank (fed member) headquartered in Brooklyn, Michigan, in business for about 119 years. At the end of Q2 2026 it reported $176.0M in total assets and $144.9M in deposits, with 3 offices.
Bank Michigan has a TellerScore of 62 out of 100 (moderate) based on Q2 2026 data — higher than only 22% of its 2,650 banks with $100 million – $1 billion. Among 72 banks headquartered in Michigan, it ranks 50th. Problem-loan coverage contributes the most (81/100, 9.7%); earnings contributes the least (47/100, 0.67%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 33 points (29 → 62), mostly because the problem-loan coverage component improved by 74 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 40 |
| Q3 2024 | 40 |
| Q4 2024 | 22 |
| Q1 2025 | 28 |
| Q2 2025 | 29 |
| Q3 2025 | 62 |
| Q4 2025 | 72 |
| Q1 2026 | 60 |
| Q2 2026 | 62 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.74% |
| Q3 2024 | 7.59% |
| Q4 2024 | 7.13% |
| Q1 2025 | 9.10% |
| Q2 2025 | 9.19% |
| Q3 2025 | 12.76% |
| Q4 2025 | 12.94% |
| Q1 2026 | 12.17% |
| Q2 2026 | 11.25% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 2.12% |
| Q3 2024 | 1.13% |
| Q4 2024 | 2.70% |
| Q1 2025 | 3.46% |
| Q2 2025 | 5.79% |
| Q3 2025 | 2.65% |
| Q4 2025 | 1.51% |
| Q1 2026 | 1.25% |
| Q2 2026 | 1.03% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | -0.11% |
| Q3 2024 | -1.59% |
| Q4 2024 | -2.70% |
| Q1 2025 | 0.02% |
| Q2 2025 | 0.52% |
| Q3 2025 | 5.53% |
| Q4 2025 | 5.20% |
| Q1 2026 | 0.45% |
| Q2 2026 | 0.67% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 62 | $176.0M | 11.25% | 1.03% | 0.67% | 97.8% |
| Q1 2026 | 60 | $159.7M | 12.17% | 1.25% | 0.45% | 91.4% |
| Q4 2025 | 72 | $153.5M | 12.94% | 1.51% | 5.20% | 92.5% |
| Q3 2025 | 62 | $141.1M | 12.76% | 2.65% | 5.53% | 89.4% |
| Q2 2025 | 29 | $131.8M | 9.19% | 5.79% | 0.52% | 96.5% |
| Q1 2025 | 28 | $132.3M | 9.10% | 3.46% | 0.02% | 94.5% |
| Q4 2024 | 22 | $132.1M | 7.13% | 2.70% | -2.70% | 88.8% |
| Q3 2024 | 40 | $130.6M | 7.59% | 1.13% | -1.59% | 88.1% |
| Q2 2024 | 40 | $125.2M | 9.74% | 2.12% | -0.11% | 88.4% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Michigan
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| The State Savings Bank of ManistiqueBank Manistique, MI | 66 out of 100, Moderate | $178.2M | 9.6% | 0.70% | vs |
| BaybankBank Gladstone, MI | 56 out of 100, Moderate | $173.4M | 10.7% | 2.02% | vs |
| Peoples State Bank of MunisingBank Munising, MI | 48 out of 100, Below average | $190.4M | 12.7% | 3.39% | vs |
| Northern Interstate Bank, N. A.Bank Norway, MI | 65 out of 100, Moderate | $193.5M | 9.4% | 0.75% | vs |
| Bay Port State BankBank Bay Port, MI | 71 out of 100, Strong | $153.4M | 10.9% | 0.65% | vs |
| Capitol National BankBank Lansing, MI | 75 out of 100, Strong | $209.3M | 16.7% | 1.49% | vs |
Deposit insurance
Is my money safe at Bank Michigan?
Yes. Bank Michigan is an FDIC-insured institution (FDIC certificate #1008). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 18.7% of deposits ($27.1M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 11.25%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.87% (benchmark: 10%).
3 locations
Branches
Bank Michigan lists 3 offices in 3 cities. Most locations:
- Ann Arbor, MI (1)
- Brooklyn, MI (1)
- Onsted, MI (1)
Identity & history
Profile
- Legal name
- Bank Michigan
- Former names
- OSB Community Bank; The Onsted State Bank
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 1008
- RSSD ID
- 382742
- Primary regulator
- FED
- Holding company
- Bank Michigan Financial Corp
- Established
- October 1, 1907
- Headquarters
- 417 S Main St, Brooklyn, MI 49230
- Website
- www.bankmichigan.bank
- Employees
- 42
Quick answers
Bank Michigan: common questions
Is Bank Michigan FDIC insured?
Yes. Bank Michigan is an FDIC-insured institution (FDIC certificate #1008). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Bank Michigan's TellerScore?
62 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Bank Michigan ever failed?
There is no failure record for FDIC certificate #1008 in the FDIC failed bank list.
How many branches does Bank Michigan have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Brooklyn
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Tlc Community Credit UnionCredit union Adrian, MI | 90 out of 100, Very strong | $950.2M | 14.5% | 0.14% | vs |
| Lenco Credit UnionCredit union Adrian, MI | 82 out of 100, Strong | $145.0M | 12.1% | 0.21% | vs |
| Aeroquip Credit UnionCredit union Jackson, MI | 78 out of 100, Strong | $51.6M | 15.8% | 0.62% | vs |
| South Central Credit UnionCredit union Jackson, MI | 78 out of 100, Strong | $84.6M | 14.2% | 0.56% | vs |
| Chelsea State BankBank Chelsea, MI | 75 out of 100, Strong | $416.5M | 12.8% | 1.33% | vs |
| Michigan Educational Credit UnionCredit union Plymouth, MI | 75 out of 100, Strong | $1.1B | 11.7% | 0.29% | vs |