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

Mackinac Financial's Tangible Leverage Ratio

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


Despite a net increase in borrowings by 0.67%, Mackinac Financial managed to enhance Tangible Leverage Ratio in the second quarter 2021 to 9.08, surpassing the average for Mackinac Financial's Tangible Leverage Ratio.

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

Explain Tangible Leverage Ratio?
What is MFNC Market Share?
What are MFNC´s Total Liabilities?


MFNC Tangible 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 Tangible Equity Change 6.03 % 7.96 % 4.82 % 4.93 % 5.26 %
Y / Y Total Liabilities Change -0.54 % 11.85 % 15.17 % 13.51 % 15.47 %
Tangible Leverage Ratio MRQ 9.08 9.14 9.27 9.55 9.68
MFNC's Total Ranking # 4466 # 3330 # 3166 # 3675 # 4506
Seq. Tangible Equity Change 1.31 % 1.72 % 1.31 % 1.56 % 3.15 %
Seq. Total Liabilities Change 0.67 % 0.32 % -1.69 % 0.18 % 13.21 %



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


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




Financial Statements
Mackinac Financial's Tangible Equity $ 148 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 Tangible Leverage Ratio

MFNC's Tangible Leverage Ratio for the trailling 12 Months

MFNC Tangible 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 Tangible Equity TTM Growth 6.03 % 7.96 % 4.82 % 4.93 % 5.26 %
Y / Y Total Liabilities TTM Growth -0.54 % 11.85 % 15.17 % 13.51 % 15.47 %
Tangible Leverage Ratio TTM 9.26 9.41 9.33 9.13 8.95
Total Ranking TTM # 3750 # 3439 # 2852 # 3658 # 3373
Seq. Tangible Equity TTM Growth 1.31 % 1.72 % 1.31 % 1.56 % 3.15 %
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 Tangible Leverage Ratio in the II Quarter 2021 to 9.26, above the MFNC's average Tangible Leverage Ratio.
Tangible 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 Tangible Leverage Ratio than Mackinac Financial. While Tangible 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 Tangible Leverage Ratio?
What is MFNC Market Share?
What are MFNC´s Total Liabilities?

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


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




Companies with similar Tangible Leverage Ratio in the quarter ending Jun 30 2021, within Regional Banks Industry Tangible Leverage RatioJun 30 2021 MRQ Total LiabilitiesJun 30 2021 MRQ Tangible Equity
Century Bancorp Inc   17.62 $ 6,870.659  Millions$ 389.841  Millions
The Bank Of New York Mellon Corporation  16.74 $ 421,338.000  Millions$ 25,174.000  Millions
Quaint Oak Bancorp Inc  16.28 $ 485.890  Millions$ 29.847  Millions
Republic First Bancorp Inc  15.52 $ 4,972.257  Millions$ 320.441  Millions
Metropolitan Bank Holding Corp   15.33 $ 5,423.598  Millions$ 353.862  Millions
Capital City Bank Group Inc   15.15 $ 3,675.579  Millions$ 242.547  Millions
Tristate Capital Holdings Inc   14.69 $ 10,746.604  Millions$ 731.613  Millions
River Financial Corporation  14.59 $ 2,054.026  Millions$ 140.766  Millions
Northern Trust Corporation  14.44 $ 160,468.100  Millions$ 11,113.600  Millions
Orange County Bancorp inc   14.29 $ 1,911.321  Millions$ 133.731  Millions
Greene County Bancorp Inc   13.71 $ 2,050.751  Millions$ 149.584  Millions
Farmers and Merchants Bancshares Inc   13.68 $ 648.071  Millions$ 47.360  Millions
Western Alliance Bancorporation  13.15 $ 45,034.500  Millions$ 3,423.800  Millions
Silvergate Capital Corporation  13.12 $ 11,418.969  Millions$ 870.507  Millions
Popular Inc   13.05 $ 66,842.679  Millions$ 5,123.052  Millions
First Interstate Bancsystem Inc   13.00 $ 16,944.400  Millions$ 1,303.200  Millions
Uwharrie Capital Corp  12.90 $ 794.355  Millions$ 61.560  Millions
Svb Financial Group  12.89 $ 151,732.000  Millions$ 11,767.000  Millions
Citizens Holding Co  12.80 $ 1,228.560  Millions$ 95.969  Millions
California Bancorp  12.67 $ 1,725.322  Millions$ 136.207  Millions
Customers Bancorp Inc   12.58 $ 15,684.510  Millions$ 1,246.876  Millions
First Citizens Bancshares Inc  12.43 $ 50,698.828  Millions$ 4,078.753  Millions
First Hawaiian Inc   12.39 $ 21,514.987  Millions$ 1,735.849  Millions
Bank Of The James Financial Group Inc   12.34 $ 840.273  Millions$ 68.091  Millions
Peoples Bancorp Inc   12.32 $ 4,482.129  Millions$ 363.929  Millions
Colony Bankcorp Inc   12.30 $ 1,586.124  Millions$ 128.973  Millions
Enterprise Bancorp inc   12.25 $ 4,088.684  Millions$ 333.661  Millions
Oak Valley Bancorp  12.25 $ 1,627.844  Millions$ 132.926  Millions
Cnb Financial Corp  12.22 $ 4,718.385  Millions$ 386.200  Millions
Level One Bancorp inc   12.20 $ 2,281.114  Millions$ 186.993  Millions

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



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