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MACKINAC FINANCIAL CORP (MFNC:NASDCM)

Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.3 billion and whose common stock is traded on the NASDAQ stock market as “MFNC.” The principal subsidiary of the Corporation is mBank. Headquartered in Manistique, Michigan, mBank has 29 branch locations; eleven in the Upper Peninsula, ten in the Northern Lower Peninsula, one in Oakland County, Michigan, and seven in Northern Wisconsin. The Corporation’s banking services include commercial lending and treasury management products and services geared toward small to mid-sized businesses, as well as a full array of personal and business deposit products and consumer loans.


Yearly Figures
(in thousands, except per share amounts)
FYE: 12/31 2019 2018 2017 2016
Net Interest Income $53,907 $47,130 $37,938 $33,098
Net Income $13,850 $8,367 $5,479 $4,483
Earnings Per Share 1.29 0.94 0.87 0.72
Quarterly Figures
(in thousands, except per share amounts)
              Fourth Quarter
FYE: 12/31 12/31/19 12/31/18
Net Interest Income $13,350 $13,795
Net Income $3,296 $3,365
Earnings Per Share 0.31 0.31
Contact Information
Contact Name: Jennifer Stempki
Contact Title:
Phone: 1-800-200-7032