Mackinac Financial Corporation


Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $980 million and whose common stock is traded on the NASDAQ stock market as “MFNC.” The principal subsidiary of the Corporation is mBank. Headquartered in Manistique, Michigan, mBank has 23 branch locations; 12 in the Upper Peninsula, four in the Northern Lower Peninsula, one in Oakland County, Michigan and six in Northern Wisconsin. The Company’s banking services include commercial lending and treasury management products and services geared toward small to mid-sized businesses, as well as a full array of personal and business deposit products and consumer loans.
Bank NameMackinac Financial Corporation
Stock ExchangeLSE
SymbolMFNC
SectorFinancials
IndustryMajor Banks
CountryUnited States
World Region"North America "
Chairman"Mr. Paul D. Tobias "
CEO"Mr. Paul D. Tobias "
Employees221
Websitebankmbank.com
Registered Year1974

2017 2016 2015
  € m € m € m
Revenue
Total interest income 44 38 34
Total Interest Expenses 6 5 4
Net Interest income 38 33 29
Total Net Revenue 42 37 33
Earnings per share
Basic 0.87 0.72 0.9
Diluted 0.87 0.72 0.89
Assets
Total current assets
Other assets 17,125 19,398 10,943
Total assets 985,367 983,520 739,269
Total current liabilities
Total liabilities 903,967 904,911 662,667
Total Equity 81,400 78,609 76,602
Net income
Net cash provided by operating activities 16 0 13
Net cash used for investment activities 23 42 6
Net cash provided by financing activities 3 64 4
Source:http://www.bankmbank.com
Currency in EUR, All numbers in million.

United States
Alanson
Suite