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Mackinac Financial Corp  (MFNC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Mackinac Financial's Leverage Ratio

MFNC's quarterly Leverage Ratio and Total Liabilities, Equity growth


Despite a net increase in borrowings by 0.67%, Mackinac Financial managed to enhance Leverage Ratio in the second quarter 2021 to 7.84, falling below the company's typical Leverage Ratio.

Within Regional Banks industry in the second quarter 2021, 76 other companies have achieved lower Leverage Ratio than Mackinac Financial in the II Quarter 2021. While Leverage Ratio total ranking has deteriorated compared to the first quarter 2021 from 3330 to 4466 .

Explain Leverage Ratio?
Who are MFNC Customers?
What are MFNC´s Total Liabilities?


MFNC Leverage Ratio (Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
(Dec 31 2020)
IV. Quarter
(Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
Y / Y Equity Change 4.73 % 6.32 % 3.67 % 3.75 % 4 %
Y / Y Total Liabilities Change -0.54 % 11.85 % 15.17 % 13.51 % 15.47 %
Leverage Ratio MRQ 7.84 7.86 7.95 8.16 8.25
MFNC's Total Ranking # 4466 # 3330 # 3166 # 3675 # 4506
Seq. Equity Change 1.02 % 1.38 % 1.02 % 1.23 % 2.56 %
Seq. Total Liabilities Change 0.67 % 0.32 % -1.69 % 0.18 % 13.21 %



Leverage Ratio second quarter 2021 Company Ranking
Within: No.
Regional Banks Industry # 77
Financial Sector # 699
Overall Market # 4466


Leverage Ratio Statistics
High Average Low
11.64 8.61 6.45
(Jun 30 2017)   (Mar 31 2013)




Financial Statements
Mackinac Financial's Equity $ 172 Millions Visit MFNC's Balance sheet
Mackinac Financial's Total Liabilities $ 1,347 Millions Visit MFNC's Balance sheet
Source of MFNC's Sales Visit MFNC's Sales by Geography


Cumulative Mackinac Financial's Leverage Ratio

MFNC's Leverage Ratio for the trailling 12 Months

MFNC Leverage Ratio

(Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
(Dec 31 2020)
IV. Quarter
(Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
Y / Y Equity TTM Growth 4.73 % 6.32 % 3.67 % 3.75 % 4 %
Y / Y Total Liabilities TTM Growth -0.54 % 11.85 % 15.17 % 13.51 % 15.47 %
Leverage Ratio TTM 7.95 8.05 7.96 7.77 7.59
Total Ranking TTM # 3750 # 3439 # 2852 # 3658 # 3373
Seq. Equity TTM Growth 1.02 % 1.38 % 1.02 % 1.23 % 2.56 %
Seq. Total Liabilities TTM Growth 0.67 % 0.32 % -1.69 % 0.18 % 13.21 %


On the trailing twelve months basis Despite of the net new borrowings of 0.67% during the twelve months period ending in II Quarter 2021 Mackinac Financial has managed to decrease Leverage Ratio in the II Quarter 2021 to 7.95, below Mackinac Financial's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Regional Banks industry 76, during the past 12 months, other companies have achieved lower Leverage Ratio than Mackinac Financial. While Leverage Ratio total ranking has deteriorated during the twelve months ending in the II Quarter 2021, compared to the prior period, from 3439 to 3750.

Explain Leverage Ratio?
Who are MFNC Customers?
What are MFNC´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Regional Banks Industry # 77
Financial Sector # 605
Within the Market # 3750


trailing twelve months Leverage Ratio Statistics
High Average Low
11.41 8.89 7.38
(Sep 30 2017)   (Mar 31 2020)




Companies with similar Leverage Ratio in the quarter ending Jun 30 2021, within Regional Banks Industry Leverage RatioJun 30 2021 MRQ Total LiabilitiesJun 30 2021 MRQ Equity
Century Bancorp Inc   17.50 $ 6,870.659  Millions$ 392.555  Millions
Republic First Bancorp Inc  15.52 $ 4,972.257  Millions$ 320.441  Millions
Metropolitan Bank Holding Corp   14.92 $ 5,423.598  Millions$ 363.595  Millions
Quaint Oak Bancorp Inc  14.63 $ 485.890  Millions$ 33.201  Millions
Greene County Bancorp Inc   13.71 $ 2,050.751  Millions$ 149.584  Millions
Northern Trust Corporation  13.57 $ 160,468.100  Millions$ 11,823.000  Millions
Orange County Bancorp inc   13.56 $ 1,911.321  Millions$ 140.911  Millions
Tristate Capital Holdings Inc   13.53 $ 10,746.604  Millions$ 794.568  Millions
Silvergate Capital Corporation  13.12 $ 11,418.969  Millions$ 870.507  Millions
Uwharrie Capital Corp  12.90 $ 794.355  Millions$ 61.560  Millions
Svb Financial Group  12.68 $ 151,732.000  Millions$ 11,967.000  Millions
Customers Bancorp Inc   12.54 $ 15,684.510  Millions$ 1,250.729  Millions
Bank Of The James Financial Group Inc   12.34 $ 840.273  Millions$ 68.091  Millions
Pb Bankshares Inc  12.09 $ 266.366  Millions$ 22.024  Millions
Embassy Bancorp Inc   12.08 $ 1,399.569  Millions$ 115.881  Millions
Enterprise Bancorp inc   12.05 $ 4,088.684  Millions$ 339.317  Millions
California Bancorp  12.00 $ 1,725.322  Millions$ 143.741  Millions
Union Bankshares Inc   11.94 $ 983.770  Millions$ 82.367  Millions
River Financial Corporation  11.94 $ 2,054.026  Millions$ 172.077  Millions
Oak Valley Bancorp  11.92 $ 1,627.844  Millions$ 136.620  Millions
Farmers and Merchants Bancshares Inc   11.91 $ 648.071  Millions$ 54.415  Millions
Central Pacific Financial Corp   11.91 $ 6,582.576  Millions$ 552.841  Millions
Coastal Financial Corporation  11.82 $ 1,821.194  Millions$ 154.100  Millions
West Bancorporation Inc   11.75 $ 2,897.234  Millions$ 246.526  Millions
New Peoples Bankshares Inc   11.73 $ 714.880  Millions$ 60.964  Millions
Hv Bancorp Inc   11.60 $ 480.775  Millions$ 41.437  Millions
Itau Unibanco Holding S a   11.58 $ 361,898.700  Millions$ 31,250.440  Millions
Live Oak Bancshares Inc   11.54 $ 7,585.839  Millions$ 657.347  Millions
Popular Inc   11.50 $ 66,842.679  Millions$ 5,814.614  Millions
Flushing Financial Corporation  11.45 $ 7,504.178  Millions$ 655.167  Millions

Date modified: 2023-03-26T07:51:22+00:00



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