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Bank Michigan

IDRSSD: 382742
Total Assets
—
Latest filing
Total Deposits
—
Latest filing
Net Interest Margin
—
Profitability

Vital Signs Report — 2023-Q4

Per-quarter snapshot for 2023-Q4: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
82
/ 100
StrongAs of 2023-Q4QoQ -2

Weighted composite of five pillars (Liquidity, Securities, Capitalization, Asset Quality, Reserves). Missing pillars are dropped from the denominator. See methodology footer.

Quarterly Headline

2023-Q4

Bank #382742 2023-Q4 Vital Signs Score: 82/100 — overall strong. Strongest pillar: Securities (strong). Weakest pillar: Reserves (watch).

Liquidity:Strong
Securities:Strong
Capitalization:Strong
Asset Quality:Stable
Reserves:Watch

Top 3 Watch Items

  1. risk
    Net charge-offs elevated
    Asset Quality — NCO YTD 4.46% of loans.
  2. info
    Adjusted NPL above 2%
    Asset Quality — Adjusted NPL 2.39% (govt-guarantees stripped).

What changed this quarter

Compared to Q3 2023:
↓ -2 ptscomposite
  • Liquidity
    ↓ -9
  • Securities
    — —
  • Capitalization
    ↑ +51
  • Asset Quality
    ↓ -34
  • Reserves
    — —

The five pillars

Liquidity

StrongQoQ -9
90
Sub-score

Liquidity is strong: brokered 0.0%, loans/deposits 90.0%, cash 12.0% of assets.

Cash / Assets
12.03%
Loans / Deposits
90.00%
Brokered %
0.00%
No watch items at this period.

Securities

Strong
100
Sub-score

Securities profile is strong: securities 4.6% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
4.57%
No watch items at this period.

Capitalization

StrongQoQ +51
95
Sub-score

Capital position is strong: Tier 1 RBC 13.14%, CET1 13.14%, leverage 9.79%.

Tier 1 RBC
13.14%
CET1
13.14%
Leverage
9.79%
No watch items at this period.

Asset Quality

StableQoQ -34
66
Sub-score

Asset quality is stable: Adjusted NPL 2.39%, Texas Ratio 16.4%, NCO YTD 4.46%.

Adjusted NPL
2.39%
Govt-guarantees stripped
Texas Ratio
16.4%
NCO YTD
4.46%
30-89 PD
0.12%
Band 0.3% / 3.0%
90+ PD
0.00%
Band 0.1% / 2.0%

Watch Items

  • infoAdjusted NPL above 2% — Adjusted NPL 2.39% (govt-guarantees stripped).
  • riskNet charge-offs elevated — NCO YTD 4.46% of loans.

Reserves

Watch
56
Sub-score

Reserves are deteriorating: ALLL 1.66% of loans, coverage 70.6%, true coverage 67.0%.

ALLL / Loans
1.66%
Coverage
70.6%
True Loss Coverage
67.0%
No watch items at this period.

Methodology + sources

Vital Signs Score
Composite of five pillar sub-scores, each 0–100. Weights: Liquidity 20%, Securities 15%, Capitalization 25%, Asset Quality 25%, Reserves 15%. See functions/src/vitalSignsScore.ts for the complete formula and band anchors.
Period addressing
Per-quarter URLs accept "YYYY-Q{n}" (canonical), "YYYYqQ" (compact form), or "YYYY-MM-DD" quarter-end dates. All forms canonicalize to the same snapshot.
Source data
FFIEC Call Report Schedules RC, RC-A, RC-B, RC-E, RC-M, RC-N, RC-R, RI, and RI-B Pt I/II via CallReport_Financials + CallReport_FdicData (Visbanking nightly ingest).

Five-pillar framework follows industry-standard bank-health analytical conventions. Composite scoring is Visbanking's own.

Generated: 2026-05-12 00:47:44 UTC