Bank of Ann Arbor

125 South Fifth Avenue
Ann Arbor, MI 48107

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34120
Date Established 1996
Assets $1.53 billion
Loans $1.19 billion
Deposits $1.33 billion
Capital $0.15 billion

Bank of Ann Arbor is an FDIC insured institution located in Ann Arbor, MI. It was founded in 1996 and has approximately $1.53 billion in assets. Customers can open an account at one of its 7 branches.

For a more detailed analysis of Bank of Ann Arbor'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 Ann Arbor’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Michigan, Bank of Ann Arbor has a significantly higher percent of Multifamily Mortgages, Credit Card 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 12.07
Multifamily
Mortgages
5.32
Credit Card Loans 0.14
Consumer Auto Loans 0.01
Small Business Loans 14.12
Construction and Development Loans 3.46
Commercial Real Estate 44.93
Commercial and Industrial Loans 17.41
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $1,000 $99,999 Learn MoreShow Less
3 Mo CD 100K
0.20% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.25% $1,000 $99,999 Learn MoreShow Less
6 Mo CD 100K
0.30% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.10% $100 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.30% $1,000 $99,999 Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.02% $1 $4,999 Learn MoreShow Less
MM 10K
0.02% $5,000 $24,999 Learn MoreShow Less
MM 25K
0.05% $25,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.02% $1 $2,499 Learn MoreShow Less
Int Ckg 2.5K
0.05% $2,500 $9,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Ann Arbor

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Ann Arbor
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Branches

Bank of Ann Arbor branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank Of Ann Arbor Locations

Financial Details

Bank of Ann Arbor Ratio Analysis

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

Texas Ratio
Bank of Ann Arbor U.S. Bank Average
2.77% 8.45

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 June 30, 2017, Bank of Ann Arbor had $3,829,000 in non-current loans and $768,000 in owned real estate. To cover these potential losses it had $148,857,000 in equity and $16,861,000 in loans loss reserves. That gives it a Texas Ratio of 2.77%. 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 Ann Arbor U.S. Bank Average
18.16% 8.58

Bank of Ann Arbor has a Return on Equity of 18.16% versus the BestCashCow average of 8.58. 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.

Capitalization
Bank of Ann Arbor U.S. Bank Average
9.7% 12.11

Bank of Ann Arbor has a Capitalization of 9.7% versus the BestCashCow average of 12.11. 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 Ann Arbor Balance Sheet Analysis

As of June 30, 2017, Bank of Ann Arbor had assets of $1,534,300,000, loans of $1,186,214,000, and deposits of $1,331,585,000. 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.

Frequently Asked Questions About Bank of Ann Arbor

Branches and Savings

Is Bank of Ann Arbor FDIC insured?

Yes. It is covered under FDIC Certificate #34120.

Why does Bank of Ann Arbor pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Ann Arbor CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Ann Arbor a commercial bank?

Yes

Where are Bank of Ann Arbor locations?

See branch locations nearby.

Is Bank of Ann Arbor open on Saturdays?

Is Bank of Ann Arbor open on Sundays?

What time does Bank of Ann Arbor open?

What time does Bank of Ann Arbor close?

Are Bank of Ann Arbor ATMs Open 24/7?

Do Bank of Ann Arbor ATMs accept cash deposits?

Can Bank of Ann Arbor customers use other ATMs?

Do Bank of Ann Arbor branches have notaries?

Will Bank of Ann Arbor notarize my document?

What address for Bank of Ann Arbor should I put for incoming ACH transfers?

Will the Bank of Ann Arbor branch print checks?

Do Bank of Ann Arbor checks expire?

Does Bank of Ann Arbor require US citizenship to open account?

Can Bank of Ann Arbor close my account?

Does Bank of Ann Arbor Report to credit bureaus?

Does Bank of Ann Arbor Use Equifax?

What is Bank of Ann Arbor's ACH Routing Number?

What is Bank of Ann Arbor's SWIFT code?

Products

Does Bank of Ann Arbor offer mortgages?

Compare mortgage rates here.

Does Bank of Ann Arbor offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Ann Arbor offer personal loans?

Compare personal loan rates here.

Does Bank of Ann Arbor offer student loans?

Will Bank of Ann Arbor cash a check?

Will Bank of Ann Arbor redeem a savings bond?

Does Bank of Ann Arbor cash savings bonds?

Will Bank of Ann Arbor cash money orders?

Can Bank of Ann Arbor issue a money order?

Does Bank of Ann Arbor do currency exchange?

Background on The Bank

Who owns Bank of Ann Arbor?

How long has Bank of Ann Arbor been around?

Can Bank of Ann Arbor transfer to other banks?

Does Bank of Ann Arbor have quick pay?

Does Bank of Ann Arbor accept rolled coins?

Will Bank of Ann Arbor accept loose change?

Where is Bank of Ann Arbor headquarters?

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