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Bank Michigan

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Bank Michigan Rates & Review July 2026

Q: How many branches does Bank Michigan operate?

Bank Michigan currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Bank Michigan does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Bank Michigan provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: July 9, 2026

You can compare Bank Michigan rates to other rates in our database, including 12-month CD rates currently at 0.20%, 6-month CD rates at 2.78% and 3-month CD rates at 3.50%. Savings rates are at 0.05% and money market rates are at 0.05%. Mortgage rates on 30-year fixed loans are around 6.14%. All these rates can be compared to Bank Michigan rates. MonitorBankRates evaluates the financial stability of Bank Michigan with a 3.3 Star Rating, an D Overall Health Grade, and a Texas Ratio of 35.89%. Rates were last updated on 07/09/2026.

Bank Michigan money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Bank Michigan? Share your experience about Bank Michigan by leaving a review below, or read customer reviews before you decide to use Bank Michigan.

Overall Health & Safety Grade

Weak Health Score: 65/100

MonitorBankRates Rating

3.3

Good Out of 5.0 Stars

Texas Ratio

35.89%

Fair Higher than avg

Bank Michigan

417 S Main St
Brooklyn, MI 49230

http://www.bankmichigan.bank

Current Rate Availability

We do not have Bank Michigan rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Bank Michigan is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Bank Michigan rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Bank Michigan's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Bank Michigan

Bank Holding Company BANK MICHIGAN FINANCIAL CORP

Address 417 S Main St, Brooklyn, MI 49230 · Jackson

Website https://www.bankmichigan.bank

FDIC Certificate # 1008

Established 10/01/1907

FDIC Insurance Date 01/01/1934

Domestic Offices 3

Total Branches 3

Regulator FED

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 65/100

3.3

Good Out of 5.0 Stars

35.89%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) -1.5224%

Return on Equity (ROE) -17.5500%

Non-Performing Loans (NPL) 2.08%

Total Assets $153,545,000

Total Deposits $126,761,000

Equity Capital $18,941,000

Net Income $7,188,000

Headquarters Brooklyn

Total Branches and Offices 3

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

There are no reviews for Bank Michigan yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

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Frequently Asked Questions About Bank Michigan

How many branches does Bank Michigan operate?

Bank Michigan currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Bank Michigan does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Bank Michigan provides members with tools to manage their accounts and build a solid financial history.

Does Bank Michigan offer online and mobile banking?

Most modern institutions like Bank Michigan provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.bankmichigan.bank.