Performance Ratios (%) MFNC Peer Median Peer Average
ROAA 0.92 0.96 0.88
ROAE 8.06 9.55 8.27
Net Interest Margin 4.40 3.64 3.58
Efficiency Ratio 70.78 63.76 65.35
Loans / Deposits 89.34 80.84 81.97
Asset Quality Ratios (%)
NPAs / Assets NA 1.10 1.48
NCOs / Avg Loans 0.01 0.07 0.27
Reserves / Loans 0.51 1.20 1.46
Reserves / NPAs NA 77.53 104.42
Capital Ratios (%)
Tier 1 Capital 13.90 12.81 13.08
Tangible Equity / Tangible Assets 9.48 8.89 9.03
Total Equity / Total Assets 10.91 9.70 10.03
Market Ratios
Price / Earnings (x) 10.48 9.13 10.14
Price / Book (%) 82.41 92.23 94.46
Dividend Yield (%) 4.31 2.60 2.31
Data for trailing four quarters

Mackinac Financial Corporation's peer group consists of the following: Blackhawk Bancorp, Inc. (BHWB), ChoiceOne Financial Services, Inc. (COFS), Citizens Community Bancorp, Inc. (CZWI), CSB Bancorp, Inc. (CSBB), First Clover Leaf Financial Corp., FS Bancorp (FXLG), Heartland BancCorp (HLAN), Mid-Wisconsin Financial Services, Inc., NorthWest Indiana Bancorp (NWIN), Ohio Valley Banc Corp. (OVBC), Southern Michigan Bancorp, Inc. (SOMC), Southern Missouri Bancorp, Inc. (SMBC), United Bancorp, Inc.

Mackinac Financial Corporation's financial data is as of 9/30/2020.

Peer financial data is as of 9/30/2020 except for these companies:

United Bancorp, Inc.'s financial data is as of 3/31/2014.
Mid-Wisconsin Financial Services, Inc.'s financial data is as of 3/31/2013.
First Clover Leaf Financial Corp.'s financial data is as of 6/30/2016.