Mi Bank
Bloomfield Township, MI
IDRSSD: 5332603
Total Assets
$292.63M
Latest filing
Total Deposits
$269.14M
Latest filing
Net Interest Margin
3.12%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
072414488BLOOMFIELD HILLS, MI
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Mi Bank
3707 W Maple Rd
Bloomfield Township, MI 48301
Full Service - Brick and Mortar
Updated 01/30/2026Established 04/15/2019FDIC Certificate 596262
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| Mi Bank (Main) | 3707 W Maple Rd | Bloomfield Township, MI | ||
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 04/15/2019 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 48301 |
| State and County Number | 26125 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | Detroit-Warren-Dearborn, MI |
Operational Info
| Number of Employees | 20 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 04/15/2019 |
| Primary Insurance Agency | DIF |
| Website | www.mi.bank |
| Data Updated | 01/30/2026 |
| CERT | 59138 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $292.63M |
| Total Deposits | $269.14M |
| Total Liabilities | $271.01M |
| Total Equity Capital | $21.62M |
| Net Income | $-1,062,000 |
| Net Loans and Leases | $200.98M |
| Assets Per Employee ($Millions) | $15.4M |
| Bank Premises and Fixed Assets | $226.00k |
| Cash and Balances due from Depository Institutions | $79.01M |
| Deposits Held in Domestic Offices | $269.14M |
Key Performance Ratios
| Return on Assets (ROA) | -1.58% |
| Return on Equity (ROE) | -19.72% |
| Net Interest Margin | 3.12% |
| Efficiency Ratio | 70.98% |
| Tier 1 Risk-Based Capital Ratio | 9.718% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 2.83% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 7.388% |
| Earning Assets to total Assets | 97.94% |
Income and Expense
| Total Interest Income | $3.77M |
| Total Noninterest Income | $50.00k |
| Total Interest Expense | $1.73M |
| Total Noninterest Expense | $1.49M |
| Net Interest Income | $2.04M |
| Pre-tax Net Operating Income | $-1,288,000 |
| Provision for Credit Losses | $1.90M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.87M |
| Total Liabilities and Capital | $292.63M |
Securities
| Securities | $8.16M |
| Available-for-sale debt securities | $8.16M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Mi Bank?
$292.63M as of the latest filing.
How much are Mi Bank's total deposits?
$269.14M in total deposits.
Where is Mi Bank located?
Bloomfield Township, MI.
What is the Net Interest Margin?
3.12%.
How many domestic offices does it operate?
1.
When was it established?
04/15/2019.
What is the Return on Assets (ROA)?
-1.58%.
How much are total loans and leases?
$200.98M (latest filing).
What is the total interest income (latest filing)?
$3.77M.