Wolverine Bancorp

Focused on community banking since 1933, Wolverine Bank became the first Federal Savings and Loan Association chartered in the state of Michigan. Our founders were comprised of local residents and business leaders who, in a time when banks were not lending, met the needs of their community by providing the capital to fund the development of the private housing sector. Wolverine Bank remains a strong community-based bank, serving businesses and consumers throughout the state of Michigan. Our flexibility and exceptional service have made us a trusted financial partner. Our decision makers are local and know our communities, enabling us to offer you the products and services you want and need.
Type
Public
HQ
Midland, US
Founded
1933
Size (employees)
40 (est)
Wolverine Bancorp was founded in 1933 and is headquartered in Midland, US

Wolverine Bancorp Office Locations

Wolverine Bancorp has offices in Midland, Frankenmuth and Troy
Midland, US (HQ)
5710 Eastman Ave
Troy, US
102 200 E Big Beaver Rd
Frankenmuth, US
464 N Main St
Midland, US
118 Ashman St

Wolverine Bancorp Data and Metrics

Wolverine Bancorp Financial Metrics

Wolverine Bancorp's revenue was reported to be $15.6 m in FY, 2015 which is a 7% increase from the previous period.
USD

Revenue (FY, 2015)

15.6 m

Revenue growth (FY, 2014 - FY, 2015), %

7%

Gross profit (FY, 2015)

12.2 m

Gross profit margin (FY, 2015), %

78%

Net income (FY, 2015)

3.2 m

EBIT (FY, 2015)

11.4 m

Market capitalization (27-Jun-2017)

77.7 m

Closing share price (27-Jun-2017)

39.6

Cash (31-Dec-2015)

52.9 m
Wolverine Bancorp's current market capitalization is $77.7 m.
USDFY, 2013FY, 2014FY, 2015

Revenue

13.4 m14.6 m15.6 m

Revenue growth, %

9%7%

Cost of goods sold

3.2 m3.1 m3.5 m

Gross profit

10.2 m11.5 m12.2 m

Gross profit Margin, %

76%78%78%

Operating expense total

9 m8 m7.9 m

EBIT

9.4 m10.4 m11.4 m

EBIT margin, %

70%71%73%

Interest income

10.2 m11.5 m12.2 m

Pre tax profit

4.7 m

Income tax expense

804 k1.4 m1.5 m

Net Income

1.6 m2.7 m3.2 m
USDFY, 2013FY, 2014FY, 2015

Cash

26.2 m29.7 m52.9 m

Accounts Receivable

699 k777 k967 k

PP&E

1.6 m1.4 m1.3 m

Total Assets

297.8 m336.6 m417.8 m

Additional Paid-in Capital

19 m18.6 m16.4 m

Retained Earnings

43 m44.4 m45.5 m

Total Equity

60.3 m61.5 m60.5 m

Financial Leverage

4.9 x5.5 x6.9 x
USDFY, 2013FY, 2014FY, 2015

Net Income

1.6 m2.7 m3.2 m

Depreciation and Amortization

221 k252 k232 k

Cash From Operating Activities

4.9 m3 m5.5 m

Cash From Investing Activities

(5.5 m)(36.1 m)(58.7 m)

Dividends Paid

(883 k)(1.3 m)(1.3 m)

Cash From Financing Activities

10.2 m36.5 m76.4 m

Interest Paid

3.2 m3.1 m3.4 m

Income Taxes Paid

1.8 m
Y, 2015

Financial Leverage

6.9 x

Wolverine Bancorp Market Value History

Wolverine Bancorp Online and Social Media Presence

Wolverine Bancorp Company Life and Culture

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