The First National Bank Of Wakefield
FDIC #5076
📍 Wakefield, Michigan
The First National Bank Of Wakefield is a commercial bank, national (federal) charter and fed member, supervised by the occ. established in 01/01/1910. With assets of $56.66 Million, it operates 2 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: October 16, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
October 16, 2023
Satisfactory
September 25, 2019
Satisfactory
July 27, 2015
Satisfactory
💰 Financial Strength
Total Assets$56.66 Million
Total Deposits$52.73 Million
Equity Capital$3.82 Million
Net Income$265,000
📈 Performance
ROA0.63%
ROE9.17%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1910
FDIC Cert5076
Holding CoWakefield Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredNo
🕰️ Lobby Hours
Monday8:30 AM - 4:00 PM
Tuesday8:30 AM - 4:00 PM
Wednesday8:30 AM - 4:00 PM
Thursday8:30 AM - 4:00 PM
Friday8:30 AM - 4:00 PM
SaturdayClosed
SundayClosed