Bank of Alpena

468 Ripley Boulevard
Alpena, MI 49707


General Bank Information

FDIC Insured Yes
FDIC Certificate # 57029
Date Established 2001
Assets $0.07 billion
Loans $0.03 billion
Deposits $0.06 billion
Capital $0.01 billion

Bank of Alpena is an FDIC insured institution located in Alpena, MI. It was founded in 2001 and has approximately $0.07 billion in assets.

For a more detailed analysis of Bank of Alpena's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Alpena’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Michigan, Bank of Alpena has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.81
Credit Card Loans 0.00
Consumer Auto Loans 0.46
Small Business Loans 26.71
Construction and Development Loans 4.70
Commercial Real Estate 44.84
Commercial and Industrial Loans 16.75
Farm Loans 0.07

Loan Rates

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Financial Details

Bank of Alpena Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Alpena. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Alpena U.S. Bank Average
23.92% 8.87%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of March 31, 2017, Bank of Alpena had $1,729,000 in non-current loans and $136,000 in owned real estate. To cover these potential losses it had $7,131,000 in equity and $666,000 in loans loss reserves. That gives it a Texas Ratio of 23.92%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Alpena U.S. Bank Average
4.68% 8.39%

Bank of Alpena has a Return on Equity of 4.68% versus the BestCashCow average of 8.39%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank of Alpena U.S. Bank Average
10.33% 11.94%

Bank of Alpena has a Capitalization of 10.33% versus the BestCashCow average of 11.94%. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Alpena Balance Sheet Analysis

As of June 30, 2014, Bank of Alpena had assets of $69,046,000, loans of $34,073,000, and deposits of $61,689,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

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