Mbank Mortgage Rates, Fees & Info

Manistique, MI

LEI: 549300X3PFQJ32XJSB27

Tax ID: 38-0787825

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Mbank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Mbank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Marquette, Traverse City, Alpena, Escanaba, and Wausau among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mbank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mbank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    1,576

    Origination Dollar Volume (All Markets)

    $258,590,000

    Employee count

    315 Show all (14) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 569 $85,105,000 $149,569 $2,047 3.10%
    Marquette, MI (FHA|USDA|VA) 441 $71,095,000 $161,213 $2,117 3.23%
    Traverse City, MI (FHA|USDA|VA) 120 $31,450,000 $262,083 $2,424 3.45%
    Alpena, MI (FHA|USDA|VA) 88 $14,050,000 $159,659 $1,968 2.91%
    Escanaba, MI (FHA|USDA|VA) 91 $11,795,000 $129,615 $1,864 3.06%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 65 $9,515,000 $146,385 $1,794 3.13%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 29 $8,155,000 $281,207 $2,283 3.27%
    Sault Ste. Marie, MI (FHA|USDA|VA) 29 $5,125,000 $176,724 $2,143 3.49%
    Iron Mountain, MI-WI (FHA|USDA|VA) 42 $5,010,000 $119,286 $1,954 3.13%
    Marinette, WI-MI (FHA|USDA|VA) 30 $3,730,000 $124,333 $1,896 3.25%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 9 $1,625,000 $180,556 $2,162 3.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $1,565,000 $313,000 $2,114 2.93%
    FLINT, MI (FHA|USDA|VA) 4 $1,080,000 $270,000 $2,108 2.38%
    MADISON, WI (FHA|USDA|VA) 4 $1,040,000 $260,000 $1,702 2.81%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $655,000 $218,333 $3,635 3.00%
    Cadillac, MI (FHA|USDA|VA) 7 $585,000 $83,571 $1,959 5.51%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $500,000 $250,000 $2,788 3.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $460,000 $230,000 $2,197 3.31%
    Houghton, MI (FHA|USDA|VA) 3 $375,000 $125,000 $2,356 2.83%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $2,628 2.63%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $375,000 $125,000 $2,113 2.71%
    COLUMBIA, SC (FHA|USDA|VA) 1 $335,000 $335,000 $3,265 2.88%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $330,000 $165,000 $2,341 2.94%
    BAY CITY, MI (FHA|USDA|VA) 2 $320,000 $160,000 $2,129 2.31%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $315,000 $315,000 $2,948 2.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $2,255 2.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $285,000 $285,000 $1,659 3.63%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $235,000 $235,000 $1,946 3.13%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $205,000 $205,000 $1,831 3.50%
    JACKSON, MI (FHA|USDA|VA) 1 $205,000 $205,000 $1,892 2.75%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,269 2.63%
    Platteville, WI (FHA|USDA|VA) 1 $195,000 $195,000 $1,632 2.75%
    NILES, MI (FHA|USDA|VA) 1 $195,000 $195,000 $2,255 2.50%
    GREEN BAY, WI (FHA|USDA|VA) 1 $195,000 $195,000 $1,902 2.88%
    APPLETON, WI (FHA|USDA|VA) 1 $195,000 $195,000 $2,372 2.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,491 2.63%
    MIDLAND, MI (FHA|USDA|VA) 1 $175,000 $175,000 $1,793 2.75%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $3,467 4.14%
    Alma, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,523 3.89%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,328 3.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,053 3.00%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $115,000 $115,000 $1,857 2.88%
    Stevens Point, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,776 2.38%
    Holland, MI (FHA|USDA|VA) 1 $55,000 $55,000 $2,103 4.75%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.63%
    Mount Pleasant, MI (FHA|USDA|VA) 1 $55,000 $55,000 $2,005 2.75%
    Baraboo, WI (FHA|USDA|VA) 1 $45,000 $45,000 $2,240 4.75%
    Mbank's top markets include Marquette, Traverse City, Alpena, Escanaba, and Wausau among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against mBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Brokaw Credit Union
    Similarity Rank: 35
    CAPITAL Credit Union
    Similarity Rank: 56
    PCM
    Similarity Rank: 196
    FOX COMMUNITIES
    Similarity Rank: 209
    Honor Credit Union
    Similarity Rank: 228
    Range Bank
    Similarity Rank: 260
    Peoples State Bank
    Similarity Rank: 264
    ADVANTAGE ONE Credit Union
    Similarity Rank: 287
    SECURITY CREDIT UNION
    Similarity Rank: 387
    St James Mortgage Corporation
    Similarity Rank: 408

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,532 $254,040,000 $165,822 $2,056 3.18%
    USDA 44 $4,550,000 $103,409 $2,828 3.05%

    For 2020, Mbank's most frequently originated type of loan was Conventional, with 1,532 originations. Their 2nd most popular type was USDA, with 44 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 729 $126,425,000 $173,422 $1,984 3.05%
    Home Purchase 485 $72,925,000 $150,361 $2,270 3.47%
    Cash Out Refi 315 $53,665,000 $170,365 $2,030 2.93%
    Other 29 $3,225,000 $111,207 $2,055 3.54%
    Home Improvement 18 $2,350,000 $130,556 $1,861 4.09%

    For 2020, Mbank's most frequently cited loan purpose was Refi, with 729 originations. The 2nd most popular reason was Home Purchase, with 485 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 829 $144,165,000 $173,902 $2,170 3.27%
    15 Year 486 $72,030,000 $148,210 $1,980 2.82%
    20 Year 104 $15,900,000 $152,885 $1,948 3.08%
    5 Year 69 $11,965,000 $173,406 $1,077 4.53%
    10 Year 49 $6,495,000 $132,551 $1,992 3.00%
    Other 36 $7,950,000 $220,833 $1,804 3.36%
    3 Year 2 $60,000 $30,000 $0 5.85%
    1 Year 1 $25,000 $25,000 $0 4.25%

    For 2020, Mbank's most frequently cited loan duration was 30 Year, with 829 originations. The 2nd most popular length was 15 Year, with 486 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,378 $215,770,000 $156,582
    $1k-2k 104 $21,310,000 $204,904
    $2k-3k 8 $2,720,000 $340,000
    $3k-4k 4 $2,000,000 $500,000
    $5k+ 2 $590,000 $295,000

    Mbank's average total fees were $2,170, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,378 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 703 $121,705,000 $173,122
    3-4% 356 $63,500,000 $178,371
    <2.5% 329 $52,755,000 $160,350
    4-5% 120 $15,410,000 $128,417
    5-6% 25 $2,375,000 $95,000
    6-7% 25 $1,665,000 $66,600
    7-8% 10 $500,000 $50,000
    Over 8% 8 $680,000 $85,000

    During 2020, Mbank's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 2.5-3%, with 703 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 656 $95,010,000 $144,832 $2,029 3.02%
    $100,000 or less 506 $33,490,000 $66,186 $1,865 3.55%
    $200k-400k 350 $93,560,000 $267,314 $2,312 2.94%
    $400k-600k 54 $25,610,000 $474,259 $2,889 2.97%
    $600k-1MM 6 $4,030,000 $671,667 $4,349 3.61%
    $1MM+ 4 $6,890,000 $1,722,500 $4,972 3.56%

    2020 saw Mbank place emphasis on $100k-200k loans with 656 originations, totaling $95,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 352 $45,370,000 $128,892 $1,980 3.23%
    $50k or less 337 $30,455,000 $90,371 $1,974 3.35%
    $100k-150k 292 $54,160,000 $185,479 $2,098 2.95%
    $75k-100k 276 $43,470,000 $157,500 $2,026 3.10%
    $150k-250k 173 $42,265,000 $244,306 $2,292 2.93%
    $250k+ 89 $29,295,000 $329,157 $2,561 2.95%

    Mbank lent most frequently to those with incomes in the $50k-75k range, with 352 originations. The second most popular income band? $50k or less, with 337 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 468 $72,160,000 $154,188 $2,018 3.02%
    30-36% 291 $45,445,000 $156,168 $2,065 3.15%
    <20% 233 $37,185,000 $159,592 $2,084 2.85%
    36% 59 $9,645,000 $163,475 $2,043 3.18%
    38% 48 $8,220,000 $171,250 $2,297 2.96%
    39% 45 $8,045,000 $178,778 $2,051 3.13%
    43% 44 $6,730,000 $152,955 $2,136 3.60%
    40% 44 $7,240,000 $164,545 $2,072 3.16%
    41% 42 $6,740,000 $160,476 $1,997 3.13%
    37% 41 $7,195,000 $175,488 $2,333 3.32%
    42% 39 $9,735,000 $249,615 $2,370 3.25%
    44% 35 $5,465,000 $156,143 $2,033 3.05%
    45% 31 $4,725,000 $152,419 $2,049 3.33%
    47% 18 $3,340,000 $185,556 $2,045 3.04%
    50-60% 16 $2,500,000 $156,250 $2,372 4.35%
    48% 14 $2,430,000 $173,571 $2,146 3.70%
    46% 14 $2,620,000 $187,143 $2,182 3.23%
    49% 12 $2,790,000 $232,500 $2,059 3.41%
    >60% 4 $360,000 $90,000 $2,099 5.93%

    Mbank lent most frequently to those with DTI ratios of 20-30%, with 468 originations. The next most common DTI ratio? 30-36%, with 291 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,454 $232,880,000 $160,165 $2,079 3.13%
    Not applicable 43 $12,705,000 $295,465 $0 4.43%
    Not provided 47 $7,765,000 $165,213 $2,039 3.23%
    American Indian 22 $3,010,000 $136,818 $1,966 3.20%
    Black 3 $685,000 $228,333 $2,034 3.96%
    Asian 3 $665,000 $221,667 $4,282 3.88%
    Native Hawaiian or Islander 3 $525,000 $175,000 $2,006 3.17%
    Chinese 1 $355,000 $355,000 $2,142 2.38%

    Approval Rates

    Total approvals of all applications
    89.62%

    Mbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.71%

    Mbank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,576 $258,590,000 $164,080

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $6,225,000 $565,909
    Single Family (1-4 Units):Manufactured 96 $7,640,000 $79,583
    Single Family (1-4 Units):Site-Built 1,469 $244,725,000 $166,593

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 99 $11,695,000 $118,131 $1,924 2.93%
    40-60% 266 $44,960,000 $169,023 $1,980 2.90%
    60-80% 725 $128,475,000 $177,207 $2,009 3.17%
    80-100% 458 $69,720,000 $152,227 $2,295 3.33%
    Over 100% 6 $1,010,000 $168,333 $2,514 4.77%
    Under 20% 22 $2,730,000 $124,091 $1,567 4.04%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mbank 100 South Main Street Ishpeming, MI 49849 Full Service B&M $58,000
    Mbank 100 South Second Avenue Alpena, MI 49707 Full Service B&M $84,882
    Mbank 101 South Main Cheboygan, MI 49721 Full Service B&M $25,267
    Mbank 130 South Cedar Street Manistique, MI 49854 Full Service B&M $0
    Mbank 130 South Cedar Street Manistique, MI 49854 Full Service B&M $237,579
    Mbank 138 Ridge Street Sault Ste. Marie, MI 49783 Full Service B&M $29,330
    Mbank 1400 East Main Street Merrill, WI 54452 Full Service B&M $53,641
    Mbank 14429 Wuoksi Avenue Kaleva, MI 49645 Full Service B&M $20,391
    Mbank 175 S. Mcclellan Street Marquette, MI 49855 Full Service B&M $17,614
    Mbank 1811 Superior St Three Lakes, WI 54562 Full Service B&M $23,485
    Mbank 1955 South Otsego Avenue Gaylord, MI 49735 Full Service B&M $68,763
    Mbank 2224 North Lincoln Road Escanaba, MI 49829 Full Service B&M $28,149
    Mbank 240 Highway 70 East St. Germain, WI 54558 Full Service B&M $23,219
    Mbank 260 East Brown Street, Suite 300 Birmingham, MI 48009 Full Service B&M $49,232
    Mbank 2885 S. County Road 489 Lewiston, MI 49756 Full Service B&M $31,578
    Mbank 308 N Morenci Street Mio, MI 48647 Full Service B&M $11,578
    Mbank 309 Cass Street Traverse City, MI 49684 Full Service B&M $4,537
    Mbank 3530 North Country Drive Traverse City, MI 49684 Full Service B&M $39,129
    Mbank 400 East Wall Street Eagle River, WI 54521 Full Service B&M $62,997
    Mbank 414 Newberry Avenue Newberry, MI 49868 Full Service B&M $63,114
    Mbank 440 U.S. 41 East Negaunee, MI 49866 Full Service B&M $3,362
    Mbank 468 Ripley Boulevard Alpena, MI 49707 Full Service B&M $102,458
    Mbank 6230 River Street Alanson, MI 49706 Full Service B&M $15,390
    Mbank 735 E. Lakeshore Drive Manistique, MI 49854 Full Service Retail $428
    Mbank 845 Central Avenue Florence, WI 54121 Full Service B&M $11,164
    Mbank 857 West Washington Street Marquette, MI 49855 Full Service B&M $70,729
    Mbank 900 Roosevelt Road Niagara, WI 54151 Full Service B&M $23,610
    Mbank Daisy Street And U. S. 41 Ishpeming Township, MI 49849 Full Service B&M $18,974
    Mbank S 216 Menominee St Stephenson, MI 49887 Full Service B&M $33,779
    Mbank W563 County Road N Niagara, WI 54151 Full Service B&M $20,221

    For 2020, Mbank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $62,029
    Net interest income $54,816
    Total noninterest income $10,645
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,236
    Trading account gains and fees $0
    Additional Noninterest Income $9,409
    Pre-tax net operating income $19,007
    Securities gains (or losses, -) $0
    Income before extraordinary items $15,015
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,015
    Minority interest net income $0
    Net income $15,015
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,015

    Mbank's gross interest income from loans was $62,029,000.
    Mbank's net interest income from loans was $54,816,000.
    Mbank's fee based income from loans was $1,236,000.
    Mbank's net income from loans was $15,015,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,213
    Provision for credit losses $1,000
    Total noninterest expense $45,454
    Salaries and employee benefits $24,505
    Premises and equipment expense $6,552
    Additional noninterest expense $14,397
    Applicable income taxes $3,992
    Net charge-offs $492
    Cash dividends $11,500

    Mbank's interest expense for loans was $7,213,000.
    Mbank's payroll and benefits expense were $24,505,000.
    Mbank's property, plant and equipment expenses $6,552,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,263,110
    Deposits held in domestic offices $1,263,110
    Deposits by Individuals, partnerships, and corporations $1,137,968
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $125,142
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $646,904
    Demand deposits $418,753
    Nontransaction accounts $616,206
    Money market deposit accounts (MMDAs) $222,780
    Other savings deposits (excluding MMDAs) $130,937
    Total time deposits $262,489
    Total time and savings deposits $844,357
    Noninterest-bearing deposits $418,753
    Interest-bearing deposits $844,357
    Retail deposits $1,202,715
    IRAs and Keogh plan accounts $32,277
    Brokered deposits $45,171
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,499,686
    Cash & Balances due from depository institutions $221,551
    Interest-bearing balances $176,813
    Total securities $111,836
    Federal funds sold & reverse repurchase $76
    Net loans and leases $1,071,818
    Loan and leases loss allowance $5,775
    Trading account assets $0
    Bank premises and fixed assets $29,646
    Other real estate owned $1,736
    Goodwill and other intangibles $25,321
    All other assets $37,702

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,499,686
    Total Liabilities $1,338,280
    Total deposits $1,263,110
    Interest-bearing deposits $844,357
    Deposits held in domestic offices $1,263,110
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $63,155
    Subordinated debt $0
    All other liabilities $12,015

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,071,818
    Loan and leases loss allowance $5,775
    Total loans and leases (domestic) $1,077,593
    All real estate loans $784,853
    Real estate loans in domestic offices $784,853
    Construction and development loans $59,629
    Residential 1-4 family construction $11,661
    Other construction, all land development and other land $47,968
    Loans secured by nonfarm nonresidential properties $478,744
    Nonfarm nonresidential secured by owner-occupied properties $210,879
    Commercial real estate & other non-farm, non-residential $267,865
    Multifamily residential real estate $16,112
    1-4 family residential loans $227,044
    Farmland loans $3,324
    Loans held in foreign offices $0
    Farm loans $862
    Commercial and industrial loans $271,710
    To non-U.S. addressees $0
    Loans to individuals $18,980
    Credit card loans $1,192
    Related Plans $942
    Consumer Auto Loans $7,181
    Other loans to individuals $9,665
    All other loans & leases $1,188
    Loans to foreign governments and official institutions $0
    Other loans $51
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,910
    Non 1-4 family restructured loans & leases $5,526
    Total loans and leases (foreign) $0

    mBank had $1,071,818,000 of loans outstanding in 2020. $784,853,000 of loans were in real estate loans. $59,629,000 of loans were in development loans. $16,112,000 of loans were in multifamily mortgage loans. $227,044,000 of loans were in 1-4 family mortgage loans. $862,000 of loans were in farm loans. $1,192,000 of loans were in credit card loans. $7,181,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 750 $170,573 $227,431
    Nonfarm, nonresidential loans - <$100k 173 $7,485 $43,266
    Nonfarm, nonresidential loans - $100-250k 235 $28,141 $119,749
    Nonfarm, nonresidential loans - $250k-1MM 342 $134,947 $394,582
    Commercial & Industrial, US addressed loans - <$1MM 843 $96,267 $114,196
    Commercial & Industrial, US addressed loans - <$100k 457 $16,407 $35,902
    Commercial & Industrial, US addressed loans - $100-250k 184 $19,940 $108,370
    Commercial & Industrial, US addressed loans - $250k-1MM 202 $59,920 $296,634
    Farmland loans - <$1MM 18 $2,355 $130,833
    Farmland loans - <$100k 8 $374 $46,750
    Farmland loans - $100-250k 3 $371 $123,667
    Farmland loans - $250k-1MM 7 $1,610 $230,000
    Agriculture operations loans - <$1MM 6 $141 $23,500
    Agriculture operations loans - <$100k 6 $141 $23,500