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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.50
MFNC's Cash to Debt is ranked higher than
66% of the 1566 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.48 vs. MFNC: 0.50 )
MFNC' s 10-Year Cash to Debt Range
Min: 0.1   Max: No Debt
Current: 0.5

Equity to Asset 0.11
MFNC's Equity to Asset is ranked higher than
79% of the 2010 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. MFNC: 0.11 )
MFNC' s 10-Year Equity to Asset Range
Min: 0.02   Max: 0.14
Current: 0.11

0.02
0.14
Interest Coverage 1.34
MFNC's Interest Coverage is ranked higher than
69% of the 1837 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.30 vs. MFNC: 1.34 )
MFNC' s 10-Year Interest Coverage Range
Min: 0.1   Max: 1.34
Current: 1.34

0.1
1.34
F-Score: 5
Z-Score: 0.19
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating margin (%) 17.69
MFNC's Operating margin (%) is ranked higher than
59% of the 2021 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 29.33 vs. MFNC: 17.69 )
MFNC' s 10-Year Operating margin (%) Range
Min: -433.43   Max: 25.83
Current: 17.69

-433.43
25.83
Net-margin (%) 20.41
MFNC's Net-margin (%) is ranked higher than
73% of the 2021 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.41 vs. MFNC: 20.41 )
MFNC' s 10-Year Net-margin (%) Range
Min: -115.45   Max: 135.24
Current: 20.41

-115.45
135.24
ROE (%) 8.02
MFNC's ROE (%) is ranked higher than
73% of the 2031 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.59 vs. MFNC: 8.02 )
MFNC' s 10-Year ROE (%) Range
Min: -78.12   Max: 29.84
Current: 8.02

-78.12
29.84
ROA (%) 0.91
MFNC's ROA (%) is ranked higher than
78% of the 2034 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. MFNC: 0.91 )
MFNC' s 10-Year ROA (%) Range
Min: -4.44   Max: 2.57
Current: 0.91

-4.44
2.57
ROC (Joel Greenblatt) (%) 46.02
MFNC's ROC (Joel Greenblatt) (%) is ranked higher than
66% of the 2003 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 76.89 vs. MFNC: 46.02 )
MFNC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -178.7   Max: 60.86
Current: 46.02

-178.7
60.86
Revenue Growth (%) -6.50
MFNC's Revenue Growth (%) is ranked higher than
60% of the 1740 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. MFNC: -6.50 )
MFNC' s 10-Year Revenue Growth (%) Range
Min: -63.6   Max: 120.1
Current: -6.5

-63.6
120.1
» MFNC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

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Ratios

vs
industry
vs
history
P/E(ttm) 12.60
MFNC's P/E(ttm) is ranked higher than
87% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.80 vs. MFNC: 12.60 )
MFNC' s 10-Year P/E(ttm) Range
Min: 1.86   Max: 112.5
Current: 12.6

1.86
112.5
P/B 1.00
MFNC's P/B is ranked higher than
86% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.33 vs. MFNC: 1.00 )
MFNC' s 10-Year P/B Range
Min: 0.16   Max: 2.37
Current: 1

0.16
2.37
P/S 2.50
MFNC's P/S is ranked higher than
84% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.56 vs. MFNC: 2.50 )
MFNC' s 10-Year P/S Range
Min: 0.48   Max: 3.38
Current: 2.5

0.48
3.38
EV-to-EBIT 18.84
MFNC's EV-to-EBIT is ranked higher than
73% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 19.47 vs. MFNC: 18.84 )
MFNC' s 10-Year EV-to-EBIT Range
Min: -471.3   Max: 61.5
Current: 18.84

-471.3
61.5
Shiller P/E 20.10
MFNC's Shiller P/E is ranked higher than
86% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. MFNC: 20.10 )
MFNC' s 10-Year Shiller P/E Range
Min: 5.16   Max: 24.16
Current: 20.1

5.16
24.16

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.70
MFNC's Dividend Yield is ranked lower than
60% of the 1876 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.32 vs. MFNC: 1.70 )
MFNC' s 10-Year Dividend Yield Range
Min: 0.47   Max: 1.86
Current: 1.7

0.47
1.86
Dividend Payout 0.22
MFNC's Dividend Payout is ranked higher than
84% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.61 vs. MFNC: 0.22 )
MFNC' s 10-Year Dividend Payout Range
Min: 0.1   Max: 2.87
Current: 0.22

0.1
2.87
Yield on cost (5-Year) 1.70
MFNC's Yield on cost (5-Year) is ranked lower than
61% of the 1889 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.53 vs. MFNC: 1.70 )
MFNC' s 10-Year Yield on cost (5-Year) Range
Min: 0.47   Max: 1.86
Current: 1.7

0.47
1.86
Share Buyback Rate -17.30
MFNC's Share Buyback Rate is ranked higher than
55% of the 1472 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.80 vs. MFNC: -17.30 )
MFNC' s 10-Year Share Buyback Rate Range
Min: 0.6   Max: -114
Current: -17.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.95
MFNC's Price/Tangible Book is ranked higher than
88% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.58 vs. MFNC: 0.95 )
MFNC' s 10-Year Price/Tangible Book Range
Min: 0.19   Max: 2.31
Current: 0.95

0.19
2.31
Price/DCF (Projected) 0.90
MFNC's Price/DCF (Projected) is ranked higher than
81% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.09 vs. MFNC: 0.90 )
MFNC' s 10-Year Price/DCF (Projected) Range
Min: 0.13   Max: 1.43
Current: 0.9

0.13
1.43
Price/Median PS Value 2.20
MFNC's Price/Median PS Value is ranked higher than
63% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.21 vs. MFNC: 2.20 )
MFNC' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 64.37
Current: 2.2

0.5
64.37
Price/Graham Number 0.72
MFNC's Price/Graham Number is ranked higher than
90% of the 2636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.15 vs. MFNC: 0.72 )
MFNC' s 10-Year Price/Graham Number Range
Min: 0.18   Max: 2.43
Current: 0.72

0.18
2.43
Earnings Yield (Greenblatt) 5.30
MFNC's Earnings Yield (Greenblatt) is ranked higher than
69% of the 1996 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.60 vs. MFNC: 5.30 )
MFNC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.6   Max: 13.2
Current: 5.3

1.6
13.2

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Mackinac Financial Corp was incorporated under the laws of the state of Michigan on December 16, 1974. The Company, through its subsidiary, mBank "Bank", is the general commercial banking business, providing a full range of loans and deposits products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing. Funds for the Bank's operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank system. The Bank makes mortgage, commercial, and installment loans to customers throughout Michigan. The Bank also supports the service industry, with its hospitality and related businesses, as well as gaming, forestry, restaurants, farming, fishing, and many other activities important to growth in Michigan. The Bank also offers various consumer loan products including installment, mortgages and home equity loans. In addition to making consumer portfolio loans, the Bank engages in the business of making residential mortgage loans for sale to the secondary market. The Bank also provides title insurance services throughout the State of Michigan through its wholly owned subsidiary, mBank Title Insurance Agency, LLC. The Bank's source for lending, investments, and other general business purposes is deposits. The Bank offers a range of interest bearing and non-interest bearing accounts, including commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts with limited transactions, individual retirement accounts, regular interest-bearing statement savings accounts, certificates of deposit with a range of maturity date options, and accessibility to a customer's deposit relationship through online banking. The Bank is a member of the FHLB. The FHLB provides an additional source of liquidity and long-term funds. The Company competes for loans and deposits with other banks, savings and loan associations, credit unions, mortgage bankers, and investment firms in the scope and type of services offered, pricing of loans, interest rates paid on deposits, and number and location of branches, among other things. As a registered bank holding company, the Company is subject to regulation and examination by the Board of Governors of the Federal Reserve System under the Bank Holding Company Act, as amended. The Bank is subject to regulation and examination by the Michigan Department of Financial and Insurance Services and the Federal Deposit Insurance Corporation.
» More Articles for NAS:MFNC

Headlines

Articles On GuruFocus.com
Mackinac Financial Corporation Declares Increased Cash Dividend on Common Stock Dec 12 2014 
Weekly CFO Buys Highlight: CMLS, UAL, HILL, ACCO, MFNC Aug 20 2012 
Weekly CFO Buys Highlight: Centerstate Banks of Florida, Ultra Clean Holdings, O. I. Corp., MFA Mort Aug 08 2009 
Mackinac Financial Corp. (MFNC) CFO Ernie R Krueger buys 2,000 Shares Aug 05 2009 

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