Mackinac Financial (Mackinac Financial) Net Interest Income (for Banks) : $54.00 Mil (As of Jun. 2021)

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What is Mackinac Financial Net Interest Income (for Banks)?

Net interest income is the income earned by banks from the fund they have on their balance sheet. Mackinac Financial's net interest income for the three months ended in Jun. 2021 was $13.27 Mil. Its net interest income for the trailing twelve months (TTM) ended in Jun. 2021 was $54.00 Mil.

Mackinac Financial's quarterly net interest income declined from Dec. 2020 ($13.90 Mil) to Mar. 2021 ($13.78 Mil) and declined from Mar. 2021 ($13.78 Mil) to Jun. 2021 ($13.27 Mil).

Mackinac Financial's annual net interest income increased from Dec. 2018 ($47.13 Mil) to Dec. 2019 ($53.91 Mil) and increased from Dec. 2019 ($53.91 Mil) to Dec. 2020 ($54.81 Mil).

Mackinac Financial Net Interest Income (for Banks) Historical Data

The historical data trend for Mackinac Financial's Net Interest Income (for Banks) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mackinac Financial Net Interest Income (for Banks) Chart

Mackinac Financial Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Net Interest Income (for Banks)

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33.10

37.94

47.13

53.91

54.81

Mackinac Financial Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Net Interest Income (for Banks)	Get a 7-Day Free Trial															14.46	13.05	13.90	13.78	13.27

Mackinac Financial Net Interest Income (for Banks) Calculation

Income earned by banks from the fund they have on their balance sheet. These funds can be from customers' deposit, bank's own equity or borrowed.

Net Interest Income (for Banks) for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $54.00 Mil.

Mackinac Financial (Mackinac Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mackinac Financial Corp (NAS:MFNC) » Definitions » Net Interest Income (for Banks)

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 South Cedar Street, Manistique, MI, USA, 49854

Website

http://www.bankmbank.com

Mackinac Financial Corp is a bank holding company. It is engaged in the business of retail and commercial banking. Its products and services include checking and savings accounts, time deposits, interest-bearing transaction accounts, safe deposit facilities, commercial and governmental lease financing and direct, indirect consumer financing, commercial lending, treasury management products, services for small to mid-sized businesses as well as full array of personal and business deposit products and consumer loans. It earns revenue from loans, investments and other interest-bearing assets.

Executives

Paul Davison Tobias	director, officer: Chief Executive Officer	38710 WOODWARD AVENUE, SUITE 240, BLOOMFIELD HILLS MI 48304
Jesse A Deering	officer: EVP and CFO	260 EAST BROWN ST. SUITE 300 BIRMINGHAM MI 48009
Kelly W George	director, officer: President	130 SOUTH CEDAR STREET MANISTIQUE MI 49854
Martin A Thomson	director
Randolph Clare Paschke	director	5700 CASS AVENUE DETROIT MI 48202
Walter J Aspatore	director	255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009
Dennis Bittner	director	113 S 10TH ST ESCANADA MI 49829
Steinhardt Capital Management, Llc	10 percent owner	650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022
David Russ Steinhardt	director, 10 percent owner	650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022
Steinhardt Capital Investors, Lllp	10 percent owner	650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022
Mahaney Robert Edward Ii	director	989 WEST WASHINGTON STREET SUITE 102 MARQUETTE MI 49855
Joseph D Garea	director	469 NORTH HANLEY ROAD ST. LOUIS MO 63013
Robert Harris Orley	director	25251 RIVER DRIVE FRANKLIN MI 48025
Lewis Brooks Patterson	director	130 SOUTH CEDAR STREET MANISTIQUE MI 49854
Ernie R Krueger	officer: Executive VP and CFO	130 SOUTH CEDAR STREET MANISTIQUE MI 49854