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Bank Michigan

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

Vital Signs Report — 2024-Q3

Per-quarter snapshot for 2024-Q3: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
77
/ 100
StableAs of 2024-Q3QoQ -4

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

Quarterly Headline

2024-Q3

Bank #382742 2024-Q3 Vital Signs Score: 77/100 — overall stable. Strongest pillar: Securities (strong). Weakest pillar: Capitalization (watch).

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

Top 3 Watch Items

  1. risk
    Net charge-offs elevated
    Asset Quality — NCO YTD 4.65% of loans.

What changed this quarter

Compared to Q2 2024:
↓ -4 ptscomposite
  • Liquidity
    ↑ 0
  • Securities
    — —
  • Capitalization
    ↓ -32
  • Asset Quality
    ↓ -11
  • Reserves
    ↑ +42

The five pillars

Liquidity

StrongQoQ 0
86
Sub-score

Liquidity is strong: brokered 7.3%, loans/deposits 88.1%, cash 12.6% of assets.

Cash / Assets
12.55%
Loans / Deposits
88.10%
Brokered %
7.33%
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

WatchQoQ -32
46
Sub-score

Capital position is deteriorating: Tier 1 RBC 9.88%, CET1 9.88%, leverage 7.50%.

Tier 1 RBC
9.88%
CET1
9.88%
Leverage
7.50%
No watch items at this period.

Asset Quality

StableQoQ -11
74
Sub-score

Asset quality is stable: Adjusted NPL 1.15%, Texas Ratio 9.5%, NCO YTD 4.65%.

Adjusted NPL
1.15%
Govt-guarantees stripped
Texas Ratio
9.5%
NCO YTD
4.65%
30-89 PD
0.86%
Band 0.3% / 3.0%
90+ PD
0.00%
Band 0.1% / 2.0%

Watch Items

  • riskNet charge-offs elevated — NCO YTD 4.65% of loans.

Reserves

StrongQoQ +42
100
Sub-score

Reserves are strong: ALLL 2.32% of loans, coverage 205.6%, true coverage 179.7%.

ALLL / Loans
2.32%
Coverage
205.6%
True Loss Coverage
179.7%
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