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Eastern Michigan Bank, Financial Information

About Eastern Michigan Bank

 Address:
65 North Howard Avenue
Croswell, MI
Sanilac County, Michigan
 Established:
Dec 1895
 Number of domestic offices:
11
Total assets$468M
Net income$4M
Net income, quarterly$1M
Total deposits$424M
Domestic deposits$424M
Equity capital$42M
ROA1.03%
ROAQ, quarterly1.0%
ROA, pretax1.0%
ROAQ, quarterly, pretax1.21%
ROE10.97%
ROEQ, quarterly11.23%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Eastern Michigan Bank financial roots can be traced back to 1895 when it was founded with $20,000. It has since grown to more than $200 million in assets and seven branch locations that serve customers in Sanilac and St. Clair counties.

The bank offers a variety of personal and business banking solutions, such as checking and savings accounts, money market accounts, certificates of deposit and online banking, as well as lending services, including home mortgages and consumer loans.

Real estate mortgages are offered through the bank's subsidiary, Eastern Michigan Mortgage Company. Eastern Michigan Bank is a subsidiary of Eastern Michigan Financial Corporation, a one-bank holding company.

Eastern Michigan Bank
66 N. Howard Ave., Croswell, MI 48422
Tel: 810.679.2500 or 800.397.2504
Fax: 810.679.2510

Historical Data