104 South Tenth Street
Gladstone, MI 49837
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.55% 0.75% →
2-Year CD 0.75% 0.80% →
5-Year CD 1.15% 1.25% →
30-Year Mortgage 3.60% 2.72% →
15-Year Mortgage 3.31% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Baybank is an FDIC insured institution located in Gladstone, MI. It was founded in 1912 and has approximately $0.13 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 1092
Date Established 1912
Assets $ 131.57 million
Loans $ 82.89 million
Deposits $ 116.13 million
Capital $ 11.84 million

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

Deposit Rates - October 19, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 $4,999 Learn More
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
30 Mo CD
0.80% $10,000 $14,999 Learn More
30 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.05% $10,000 $14,999 Learn More
48 Mo CD
1.05% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 19, 2021

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


Baybank 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:

Baybank Locations

Climate Initiatives

Baybank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Baybank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Baybank. 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
Baybank U.S. Bank Average
3.85% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2021, Baybank had $469,000 in non-current loans and $38,000 in owned real estate. To cover these potential losses it had $11,842,000 in equity and $1,317,000 in loans loss reserves. That gives it a Texas Ratio of 3.85%.

Return on Equity
Baybank U.S. Bank Average
13.31% 11.29%

Baybank has a Return on Equity of 13.31% versus the BestCashCow average of 11.29%. 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.

Baybank U.S. Bank Average
9% 11.72%

Baybank has a Capitalization of 9% versus the BestCashCow average of 11.72. 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.

Baybank Balance Sheet Analysis

As of June 30, 2021, Baybank had assets of $131,571,000, loans of $82,888,000, and deposits of $116,132,000. 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.

Summary Balance Sheet

June 30, 2021
Cash & Balances due from depository institutions $ 15.70 million
Interest-bearing balances $ 14.44 million
Total securities $ 26.57 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 82.89 million
Loan loss allowance $ 1.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles N.A.
All other assets $ 1.75 million
     Total Assets $ 119.73 million
Total deposits $ 116.13 million
      Interest-bearing deposits $ 83.52 million
      Deposits held in domestic offices $ 116.13 million
      % insured (estimated) 84.06%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.10 million
Subordinated debt N.A.
All other liabilities $ 1.50 million
      Total Liabilities $ 119.73 million
      Shareholders’ Equity $ 11.84 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 2.55 million
Total Interest Expense $ 0.30 million
Net interest income $ 2.25 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 0.53 million
Total non interest expense $ 1.72 million
Pre-tax Net Operating Income $ 0.94 million

Bank Loan Profile?

The top three loan types in Baybank’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Michigan, Baybank has a significantly higher percent of Commercial and Industrial 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 27.80
Credit Card Loans 0.05
Consumer Auto Loans 6.31
Small Business Loans 21.99
Construction and Development Loans 3.72
Commercial Real Estate 22.56
Commercial and Industrial Loans 31.20
Farm Loans 0.00

Frequently Asked Questions About Baybank

Branches and Savings

Is Baybank FDIC insured?

Yes. It is covered under FDIC Certificate #1092.

Why does Baybank pay such low interest on savings accounts?

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

Why are Baybank CD rates not competitive?

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

Is Baybank a commercial bank?


Where are Baybank locations?

See branch locations nearby.

Is Baybank open on Saturdays?

Is Baybank open on Sundays?

What time does Baybank open?

What time does Baybank close?

Are Baybank ATMs Open 24/7?

Do Baybank ATMs accept cash deposits?

Can Baybank customers use other ATMs?

Do Baybank branches have notaries?

Will Baybank notarize my document?

What address for Baybank should I put for incoming ACH transfers?

Will the Baybank branch print checks?

Do Baybank checks expire?

Does Baybank require US citizenship to open account?

Can Baybank close my account?

Does Baybank Report to credit bureaus?

Does Baybank Use Equifax?

What is Baybank's ACH Routing Number?

What is Baybank's SWIFT code?


Does Baybank offer mortgages?

Compare mortgage rates here.

Does Baybank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Baybank offer personal loans?

Compare personal loan rates here.

Does Baybank offer student loans?

Will Baybank cash a check?

Will Baybank redeem a savings bond?

Does Baybank cash savings bonds?

Will Baybank cash money orders?

Can Baybank issue a money order?

Does Baybank do currency exchange?

Background on The Bank

Who owns Baybank?

How long has Baybank been around?

Can Baybank transfer to other banks?

Does Baybank have quick pay?

Does Baybank accept rolled coins?

Will Baybank accept loose change?

Where is Baybank headquarters?

Customer Reviews for Baybank

There are currently no comments for Baybank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →