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Bank Michigan

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

Vital Signs Report — 2024-Q1

Per-quarter snapshot for 2024-Q1: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
84
/ 100
StrongAs of 2024-Q1QoQ +3

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

Quarterly Headline

2024-Q1

Bank #382742 2024-Q1 Vital Signs Score: 84/100 — overall strong. Strongest pillar: Securities (strong). Weakest pillar: Reserves (watch).

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

Top 3 Watch Items

  1. info
    Adjusted NPL above 2%
    Asset Quality — Adjusted NPL 2.37% (govt-guarantees stripped).

What changed this quarter

Compared to Q4 2023:
↑ +3 ptscomposite
  • Liquidity
    ↓ -3
  • Securities
    — —
  • Capitalization
    ↓ -3
  • Asset Quality
    ↑ +15
  • Reserves
    ↑ +1

The five pillars

Liquidity

StrongQoQ -3
87
Sub-score

Liquidity is strong: brokered 2.6%, loans/deposits 92.2%, cash 10.5% of assets.

Cash / Assets
10.48%
Loans / Deposits
92.18%
Brokered %
2.59%
No watch items at this period.

Securities

Strong
100
Sub-score

Securities profile is strong: securities 4.2% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
4.21%
No watch items at this period.

Capitalization

StrongQoQ -3
92
Sub-score

Capital position is strong: Tier 1 RBC 12.75%, CET1 12.75%, leverage 9.80%.

Tier 1 RBC
12.75%
CET1
12.75%
Leverage
9.80%
No watch items at this period.

Asset Quality

StrongQoQ +15
81
Sub-score

Asset quality is strong: Adjusted NPL 2.37%, Texas Ratio 16.4%, NCO YTD 0.00%.

Adjusted NPL
2.37%
Govt-guarantees stripped
Texas Ratio
16.4%
NCO YTD
0.00%
30-89 PD
0.55%
Band 0.3% / 3.0%
90+ PD
0.00%
Band 0.1% / 2.0%

Watch Items

  • infoAdjusted NPL above 2% — Adjusted NPL 2.37% (govt-guarantees stripped).

Reserves

WatchQoQ +1
56
Sub-score

Reserves are deteriorating: ALLL 1.65% of loans, coverage 70.9%, true coverage 68.4%.

ALLL / Loans
1.65%
Coverage
70.9%
True Loss Coverage
68.4%
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