Mackinac Financial

Mackinac Financial is a bank holding Company of mBank, which provides a range of loan and deposit products. The banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing. The funds for the Bank's operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank system, proceeds from the sale of loans and mortgage-backed and other securities, funds from repayment of outstanding loans and earnings from operations.

Company Growth (employees)
Type
Public
HQ
Birmingham, US
Founded
1937
Size (employees)
160 (est)
Mackinac Financial was founded in 1937 and is headquartered in Birmingham, US

Mackinac Financial Office Locations

Mackinac Financial has offices in Birmingham, Escanaba, Ishpeming, Manistique and in 3 other locations
Birmingham, US (HQ)
300 260 E Brown St
Escanaba, US
2224 N Lincoln Rd
Ishpeming, US
170 Daisy St
Manistique, US
130 S Cedar St
Marquette, US
857 W Washington St
Stephenson, US
s216 Menominee St
Show all (10)

Mackinac Financial Financials and Metrics

Mackinac Financial Financials

Mackinac Financial's revenue was reported to be $42.1 m in FY, 2016
USD

Net income (Q3, 2017)

2.1 m

EBIT (Q3, 2017)

9.8 m

Market capitalization (16-Feb-2018)

101.5 m

Cash (30-Sep-2017)

57.7 m
Mackinac Financial's current market capitalization is $101.5 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

25.5 m27.7 m33.5 m42.1 m

Revenue growth, %

8%21%26%

Cost of goods sold

4.1 m4.1 m4.4 m4.9 m

Gross profit

21.4 m23.5 m29.1 m37.3 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

7.1 m7.3 m7.3 m7.7 m9.3 m9.4 m9.2 m8.9 m10 m11.5 m11.4 m11.7 m

Cost of goods sold

1 m1 m1 m1 m1.1 m1.1 m1.2 m1 m1.1 m1.3 m1.4 m1.5 m1.7 m

Gross profit

6.1 m6.3 m6.3 m6.7 m8.1 m8.4 m8 m7.9 m8.9 m10.2 m9.9 m10.1 m

Gross profit Margin, %

85%86%86%86%88%88%87%89%89%89%87%87%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

18.2 m21.9 m25 m46.8 m

PP&E

10.2 m12.7 m12.5 m15.9 m

Goodwill

3.8 m3.8 m5.7 m

Total Assets

572.8 m743.8 m739.3 m983.5 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

22.8 m24.8 m20.7 m22.4 m24.2 m16.7 m38.6 m18 m40.2 m48.6 m41.2 m89 m57.7 m

PP&E

10.5 m9.8 m9.8 m9.8 m12.6 m12.6 m12.7 m12.5 m14.7 m16 m16 m16.7 m16.6 m

Goodwill

3.8 m3.8 m3.8 m3.8 m5.2 m5.7 m5.7 m5.7 m5.7 m

Total Assets

567.9 m583.6 m595.9 m613.9 m728.8 m735.3 m755 m732.9 m892.3 m959.1 m976.6 m1 b1 b
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    5.9 m1.7 m5.6 m4.5 m

    Depreciation and Amortization

    1.7 m1.5 m1.7 m1.9 m

    Cash From Operating Activities

    9.3 m8.4 m13.1 m377 k

    Capital Expenditures

    (1.5 m)(1.4 m)(1.3 m)(2.1 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

    Net Income

    896 k660 k806 k2.4 m1.4 m3 m4 m1.1 m1 m2.8 m1.7 m3.4 m

    Depreciation and Amortization

    1.1 m414 k841 k1.3 m395 k825 k1.3 m572 k1.2 m

    Cash From Operating Activities

    5.4 m5.6 m7.8 m10.3 m1.3 m14.8 m17.6 m2.5 m6.6 m

    Capital Expenditures

    (1.2 m)(324 k)(674 k)(1.1 m)(337 k)(1 m)(1.8 m)(536 k)(1.7 m)
      Y, 2017

      Financial Leverage

      12.3 x
      Show all financial metrics

      Mackinac Financial Market Value History

      Mackinac Financial's Web-traffic and Trends

      Mackinac Financial Company Life and Culture

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