Eastern Michigan Bank
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Data as of · sourced from FFIEC call reports. How we update
Eastern Michigan Bank is an FDIC-insured commercial bank headquartered in Croswell, MI, established in 1895 (FDIC certificate 982), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $553.6M, up 9.7% from Q2 2025, the 29th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 19.57% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 982
- Headquarters
- Croswell, MI
- Established
- 1895
- Total assets, Q2 2026
- $553.6M
- Assets vs Q2 2025
- +9.7%
- CET1 ratio, Q2 2026
- 19.57%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 072404058
- Latest call report
- Q2 2026, FFIEC 041 · Eastern Michigan Bank call report
- Holding company
- MERCANTILE BANK CORPORATION
- Asset rank in state
- 29th of 72 in Michigan
Eastern Michigan Bank, based in Croswell, Michigan, reported $554 million in assets at June 30, 2026, up 9.7% from a year earlier. It pays an average of 0.46% on its deposits and borrowings, a small fraction of the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also shrank its loan book 6.7% over the year, lower than about 9 in 10 banks its size (median 5.5%).
Loans and deposits moved in opposite directions: over the year loans fell 6.7% and deposits rose 0.7%. Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.63% of loans from 0.37% a year earlier. One more trend to watch: the commercial and industrial book ($21 million) is worsening: 0.77% of it is past due or on nonaccrual, up from 0.27% a year earlier.
As of June 30, 2026, Eastern Michigan Bank reported a CET1 capital ratio of 19.57%, a return on assets of 1.46%, a nonperforming-loan ratio of 0.63% and a Texas ratio of 2.10%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Eastern Michigan Bank is the 29th largest of the 72 banks headquartered in Michigan. Between Q1 2026 and Q2 2026, its total assets fell 2.5% to $553.6M, loans fell 1.9% and deposits fell 3.5%. Owner-occupied commercial real estate loans made up 26.2% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 16.0%. Its 12 offices in the FDIC Summary of Deposits are in 10 cities in MI; its Port Huron 2 offices book 17% of its branch deposits. Judged on its Q2 2026 call report, Eastern Michigan Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 65 N Howard Ave, Croswell, MI 48422
- County
- Sanilac
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- December 4, 1895
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 86
- Domestic deposits
- $453.7M
- Allowance for credit losses
- $2.3M
- Net charge-offs (YTD)
- -$65K
- Average total assets
- $554.3M
- Average total loans
- $198.4M
- Average interest-bearing deposits
- $328.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 982
- Fed RSSD
- 643340
- SEC CIK
- 1042729 → filed by MERCANTILE BANK CORPORATION
- Website
- www.emb.bank →
- Parent Holding Company
- MERCANTILE BANK CORPORATION (RSSD 2608763) · MBWM
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Raymond E. Reitsma | CEO | President and CEO |
| Charles E Christmas | CFO | EVP & CFO |
| Scott P Setlock | COO | EVP, COO, & SECRETARY |
| Robert T. Worthington | CRO | SVP, CRO, AND GC |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Eastern Michigan Bank's total assets ran between $504.5M (Q2 2025) and $571.8M (Q4 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$553.6M total assets against $504.5M; $455.8M total liabilities against $453.0M.
$192.0M net loans and leases against $205.8M; $453.7M total deposits against $450.7M.
$179.0M securities against $230.0M; $111.4M cash and balances due against $44.2M.
$6.4M total interest income against $5.5M; $530K total interest expense against $488K.
$5.9M net interest income against $5.0M.
$586K total noninterest income against $506K; $4.0M total noninterest expense against $3.2M.
-$100K provision for credit losses against -$250K.
$2.0M net income against $2.1M.
1.46% return on assets against 1.60%; 4.83% net interest margin against 4.05%.
19.57% CET1 capital ratio against 16.85%; 11.99% tier 1 leverage ratio against 10.77%.
Inside the full Eastern Michigan Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeEastern Michigan Bank rankings
Its closest position to the top of a national ranking is 362 of 2,134, for CET1 ratio; its furthest is 2,225 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -4.32% (Q4 2025) to 1.80% (Q4 2024) and its net interest margin ran from 3.49% (Q3 2024) to 4.83% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.57% | 1.46% | 0.63% | 2.10% | 4.83% |
| Q1 2026 | 17.12% | 1.38% | 0.38% | 1.34% | 4.64% |
| Q4 2025 | 15.69% | -4.32% | 0.50% | 1.37% | — |
| Q3 2025 | 18.14% | 1.56% | 0.51% | 1.48% | 4.10% |
| Q2 2025 | 16.85% | 1.60% | 0.47% | 1.43% | 4.05% |
| Q1 2025 | 16.14% | 1.19% | 0.92% | 3.05% | 3.82% |
| Q4 2024 | 15.13% | 1.80% | 0.87% | 3.24% | 4.34% |
| Q3 2024 | 13.84% | 1.28% | 0.90% | 2.82% | 3.49% |
Swipe the table sideways to see every column.
Branch Network
View all 12 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Port Huron Branch | Port Huron , MI | 48060 | $78.3M |
| Croswell Branch | Croswell , MI | 48422 | $76.5M |
| Lexington Branch | Lexington , MI | 48450 | $50.4M |
| Marysville Branch | Marysville , MI | 48040 | $49.0M |
| Fort Gratiot Branch | Fort Gratiot , MI | 48059 | $45.1M |
| Sandusky Area Branch | Sandusky , MI | 48471 | $45.1M |
| Deckerville Branch | Deckerville , MI | 48427 | $39.8M |
| Lakeport Branch | Lakeport , MI | 48059 | $33.9M |
| Ruth Branch | Ruth , MI | 48470 | $30.6M |
| Marine City Office Branch | Marine City , MI | 48039 | $4.4M |
| Military Street Office Branch | Port Huron , MI | 48060 | $532K |
| Eastern Michigan Bank (main office) | Croswell , MI | 48422 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| April 1, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2016 | Structure Change | Acquired Ruth State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 2011 | Structure Change | Acquired Eastern Michigan Mortgage Company LLC Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 13, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 13, 1992 | Structure Change | Acquired Sanilac County Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MI, rank 45 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 51 applications, 43 loans originated, $7.0M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $675K approved, $675K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Eastern Michigan Bank
What are Eastern Michigan Bank's total assets?
As of the Q2 2026 filing, Eastern Michigan Bank reported total assets of $553.6 million in its FFIEC call report.
Where is Eastern Michigan Bank headquartered?
It is headquartered in Croswell, MI, United States.
When was Eastern Michigan Bank founded?
It was established in 1895, per the FDIC institution directory.
Is Eastern Michigan Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #982). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Eastern Michigan Bank?
Eastern Michigan Bank's primary federal regulator is the Federal Reserve.
What is Eastern Michigan Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.57% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Eastern Michigan Bank operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Eastern Michigan Bank's Texas Ratio?
Its Texas Ratio is 2.10% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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