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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 0.87
MFNC's Cash-to-Debt is ranked lower than
66% of the 1610 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.14 vs. MFNC: 0.87 )
Ranked among companies with meaningful Cash-to-Debt only.
MFNC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14  Med: 0.51 Max: 0.97
Current: 0.87
0.14
0.97
Equity-to-Asset 0.08
MFNC's Equity-to-Asset is ranked lower than
70% of the 1614 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. MFNC: 0.08 )
Ranked among companies with meaningful Equity-to-Asset only.
MFNC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.03  Med: 0.09 Max: 0.13
Current: 0.08
0.03
0.13
Interest Coverage 1.39
MFNC's Interest Coverage is ranked lower than
55% of the 1610 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.66 vs. MFNC: 1.39 )
Ranked among companies with meaningful Interest Coverage only.
MFNC' s Interest Coverage Range Over the Past 10 Years
Min: 0.19  Med: 0.68 Max: 1.8
Current: 1.39
0.19
1.8
Piotroski F-Score: 4
Beneish M-Score: -2.44
WACC vs ROIC
7.16%
4.80%
WACC
ROIC
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 : 5/10

vs
industry
vs
history
Operating Margin % 18.16
MFNC's Operating Margin % is ranked lower than
78% of the 1627 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.10 vs. MFNC: 18.16 )
Ranked among companies with meaningful Operating Margin % only.
MFNC' s Operating Margin % Range Over the Past 10 Years
Min: -20.43  Med: 17.49 Max: 25.83
Current: 18.16
-20.43
25.83
Net Margin % 12.03
MFNC's Net Margin % is ranked lower than
79% of the 1625 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.46 vs. MFNC: 12.03 )
Ranked among companies with meaningful Net Margin % only.
MFNC' s Net Margin % Range Over the Past 10 Years
Min: -2.18  Med: 11.76 Max: 67.97
Current: 12.03
-2.18
67.97
ROE % 5.78
MFNC's ROE % is ranked lower than
70% of the 1623 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.50 vs. MFNC: 5.78 )
Ranked among companies with meaningful ROE % only.
MFNC' s ROE % Range Over the Past 10 Years
Min: -2.12  Med: 5.21 Max: 29.84
Current: 5.78
-2.12
29.84
ROA % 0.52
MFNC's ROA % is ranked lower than
72% of the 1632 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. MFNC: 0.52 )
Ranked among companies with meaningful ROA % only.
MFNC' s ROA % Range Over the Past 10 Years
Min: -0.08  Med: 0.51 Max: 2.57
Current: 0.52
-0.08
2.57
3-Year Revenue Growth Rate 9.70
MFNC's 3-Year Revenue Growth Rate is ranked higher than
74% of the 1366 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.20 vs. MFNC: 9.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
MFNC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -63.6  Med: -1.9 Max: 120.1
Current: 9.7
-63.6
120.1
3-Year EBITDA Growth Rate -5.50
MFNC's 3-Year EBITDA Growth Rate is ranked lower than
78% of the 1264 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.20 vs. MFNC: -5.50 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
MFNC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -76.8  Med: -0.95 Max: 48.4
Current: -5.5
-76.8
48.4
3-Year EPS without NRI Growth Rate -10.80
MFNC's 3-Year EPS without NRI Growth Rate is ranked lower than
84% of the 1244 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.50 vs. MFNC: -10.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
MFNC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -69.6  Med: -9.3 Max: 39.2
Current: -10.8
-69.6
39.2
GuruFocus has detected 6 Warning Signs with Mackinac Financial Corp $MFNC.
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» MFNC's 10-Y Financials

Financials (Next Earnings Date: Est. 2017-05-09)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

MFNC Guru Trades in

MFNC Guru Trades in

MFNC Guru Trades in

Q4 2016

MFNC Guru Trades in Q4 2016

Jim Simons 14,400 sh (New)
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» Details

Insider Trades

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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6022
Compare:NAS:SSBI, OTCPK:TYCB, OTCPK:FDVA, OTCPK:SCZC, NAS:SVBI, OTCBB:CSBB, NAS:BYBK, NAS:GFED, NAS:CWBC, OTCPK:CPKF, NAS:SBFG, NAS:PFBX, OTCPK:CLDB, OTCPK:BNCC, OTCPK:EMPK, OTCPK:FMBJ, NAS:RNDB, OTCPK:CMTV, OTCPK:CRLN, NAS:FNBC » details
Mackinac Financial Corp is a bank holding company. The Company, through its subsidiary, is engaged in the general commercial banking business, providing a full range of loan and deposit products.

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 engaged in the general commercial banking business, providing a full range of loan and deposit 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.

Ratios

vs
industry
vs
history
PE Ratio 19.14
MFNC's PE Ratio is ranked lower than
70% of the 1585 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.23 vs. MFNC: 19.14 )
Ranked among companies with meaningful PE Ratio only.
MFNC' s PE Ratio Range Over the Past 10 Years
Min: 1.86  Med: 12.14 Max: 112.5
Current: 19.14
1.86
112.5
PE Ratio without NRI 19.14
MFNC's PE Ratio without NRI is ranked lower than
69% of the 1517 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.53 vs. MFNC: 19.14 )
Ranked among companies with meaningful PE Ratio without NRI only.
MFNC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 1.86  Med: 12.14 Max: 112.5
Current: 19.14
1.86
112.5
Price-to-Owner-Earnings 4.87
MFNC's Price-to-Owner-Earnings is ranked higher than
81% of the 868 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.84 vs. MFNC: 4.87 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
MFNC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.07  Med: 6.93 Max: 187.5
Current: 4.87
1.07
187.5
PB Ratio 1.07
MFNC's PB Ratio is ranked higher than
58% of the 1683 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.19 vs. MFNC: 1.07 )
Ranked among companies with meaningful PB Ratio only.
MFNC' s PB Ratio Range Over the Past 10 Years
Min: 0.25  Med: 0.8 Max: 1.44
Current: 1.07
0.25
1.44
PS Ratio 2.24
MFNC's PS Ratio is ranked higher than
70% of the 1674 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.44 vs. MFNC: 2.24 )
Ranked among companies with meaningful PS Ratio only.
MFNC' s PS Ratio Range Over the Past 10 Years
Min: 0.57  Med: 1.89 Max: 3.38
Current: 2.24
0.57
3.38
Price-to-Free-Cash-Flow 5.32
MFNC's Price-to-Free-Cash-Flow is ranked higher than
72% of the 868 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.80 vs. MFNC: 5.32 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
MFNC' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 0.74  Med: 5.42 Max: 31.94
Current: 5.32
0.74
31.94
Price-to-Operating-Cash-Flow 4.76
MFNC's Price-to-Operating-Cash-Flow is ranked higher than
71% of the 933 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.53 vs. MFNC: 4.76 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
MFNC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.71  Med: 4.8 Max: 163.43
Current: 4.76
0.71
163.43
EV-to-EBIT 13.72
MFNC's EV-to-EBIT is ranked lower than
55% of the 1281 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.38 vs. MFNC: 13.72 )
Ranked among companies with meaningful EV-to-EBIT only.
MFNC' s EV-to-EBIT Range Over the Past 10 Years
Min: -471.3  Med: 13.4 Max: 61.5
Current: 13.72
-471.3
61.5
EV-to-EBITDA 11.45
MFNC's EV-to-EBITDA is ranked lower than
51% of the 1295 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.35 vs. MFNC: 11.45 )
Ranked among companies with meaningful EV-to-EBITDA only.
MFNC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -90.3  Med: 10.6 Max: 1244.5
Current: 11.45
-90.3
1244.5
Shiller PE Ratio 14.58
MFNC's Shiller PE Ratio is ranked higher than
76% of the 489 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.50 vs. MFNC: 14.58 )
Ranked among companies with meaningful Shiller PE Ratio only.
MFNC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.75  Med: 13.1 Max: 120
Current: 14.58
6.75
120

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.99
MFNC's Dividend Yield % is ranked higher than
55% of the 2302 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.67 vs. MFNC: 2.99 )
Ranked among companies with meaningful Dividend Yield % only.
MFNC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.47  Med: 1.94 Max: 3.81
Current: 2.99
0.47
3.81
Dividend Payout Ratio 0.57
MFNC's Dividend Payout Ratio is ranked lower than
81% of the 1292 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. MFNC: 0.57 )
Ranked among companies with meaningful Dividend Payout Ratio only.
MFNC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.03  Med: 0.39 Max: 0.75
Current: 0.57
0.03
0.75
3-Year Dividend Growth Rate 33.00
MFNC's 3-Year Dividend Growth Rate is ranked higher than
87% of the 766 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.70 vs. MFNC: 33.00 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
MFNC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 106.1
Current: 33
0
106.1
Forward Dividend Yield % 2.99
MFNC's Forward Dividend Yield % is ranked higher than
52% of the 2243 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.84 vs. MFNC: 2.99 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 2.98
MFNC's 5-Year Yield-on-Cost % is ranked lower than
56% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.34 vs. MFNC: 2.98 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
MFNC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.47  Med: 1.94 Max: 3.81
Current: 2.98
0.47
3.81
3-Year Average Share Buyback Ratio -4.20
MFNC's 3-Year Average Share Buyback Ratio is ranked lower than
59% of the 1063 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.10 vs. MFNC: -4.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MFNC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -114  Med: 0 Max: 0.8
Current: -4.2
-114
0.8

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.18
MFNC's Price-to-Tangible-Book is ranked higher than
53% of the 1680 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.23 vs. MFNC: 1.18 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
MFNC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.35  Med: 0.98 Max: 1.77
Current: 1.18
0.35
1.77
Price-to-Intrinsic-Value-Projected-FCF 0.55
MFNC's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
76% of the 911 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.84 vs. MFNC: 0.55 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
MFNC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.1  Med: 0.46 Max: 1.26
Current: 0.55
0.1
1.26
Price-to-Median-PS-Value 1.19
MFNC's Price-to-Median-PS-Value is ranked lower than
55% of the 1545 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.16 vs. MFNC: 1.19 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MFNC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.2  Med: 0.72 Max: 1.69
Current: 1.19
0.2
1.69
Price-to-Graham-Number 1.00
MFNC's Price-to-Graham-Number is ranked lower than
54% of the 1465 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.95 vs. MFNC: 1.00 )
Ranked among companies with meaningful Price-to-Graham-Number only.
MFNC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.33  Med: 0.61 Max: 1.37
Current: 1
0.33
1.37
Earnings Yield (Greenblatt) % 7.29
MFNC's Earnings Yield (Greenblatt) % is ranked higher than
58% of the 1696 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.70 vs. MFNC: 7.29 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MFNC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.6  Med: 7 Max: 13.2
Current: 7.29
1.6
13.2
Forward Rate of Return (Yacktman) % 6.62
MFNC's Forward Rate of Return (Yacktman) % is ranked lower than
63% of the 893 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.05 vs. MFNC: 6.62 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
MFNC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -76.3  Med: 10.4 Max: 26.6
Current: 6.62
-76.3
26.6

More Statistics

Revenue (TTM) (Mil) $37.25
EPS (TTM) $ 0.70
Beta0.74
Short Percentage of Float0.54%
52-Week Range $9.99 - 14.07
Shares Outstanding (Mil)6.26
» More Articles for MFNC

Headlines

Articles On GuruFocus.com
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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