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, 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 Metrics

Wolverine Bancorp Financial Metrics

Revenue (2015)

$15.6 m

Revenue growth (2014-15), %

7%

Gross profit

$12.2 m

Gross profit margin (2015), %

78%

Net income (2015)

$3.2 m

Market capitalization (20-Mar-2017)

$66 m

Closing share price (20-Mar-2017)

$33.9

Cash (31-Dec-2015)

$52.9 m
Wolverine Bancorp's current market capitalization is $66 m.
Wolverine Bancorp's revenue was reported to be $15.6 m in FY, 2015 which is a 6.9% increase from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

$13.4 m$14.6 m$15.6 m

Revenue growth, %

9%7%

Cost of goods sold

$3.2 m$3.1 m$3.5 m

Gross profit

$10.2 m$11.5 m$12.2 m

Gross profit Margin, %

76%78%78%

Operating expense total

$9 m$8 m$7.9 m

EBIT

$9.4 m$10.4 m$11.4 m

EBIT margin, %

70%71%73%

Interest income

$10.2 m$11.5 m$12.2 m

Pre tax profit

$4.7 m

Income tax expense

$804 k$1.4 m$1.5 m

Net Income

$1.6 m$2.7 m$3.2 m
FY, 2013FY, 2014FY, 2015

Cash

$26.2 m$29.7 m$52.9 m

Accounts Receivable

$699 k$777 k$967 k

Inventories

PP&E

$1.6 m$1.4 m$1.3 m

Total Assets

$297.8 m$336.6 m$417.8 m

Accounts Payable

Additional Paid-in Capital

$19 m$18.6 m$16.4 m

Retained Earnings

$43 m$44.4 m$45.5 m

Total Equity

$60.3 m$61.5 m$60.5 m

Financial Leverage

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

Net Income

$1.6 m$2.7 m$3.2 m

Depreciation and Amortization

$221 k$252 k$232 k

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$4.9 m$3 m$5.5 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 m$36.5 m$76.4 m

Interest Paid

$3.2 m$3.1 m$3.4 m

Income Taxes Paid

$1.8 m

Wolverine Bancorp Market Value History

Wolverine Bancorp Online Presence

Wolverine Bancorp Company Life

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