Mackinac Financial's Total Assets for the quarter that ended in Jun. 2021 was $1,518.95 Mil.
During the past 12 months, Mackinac Financial's average Total Assets Growth Rate was 1.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 10.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 12.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 12.00% per year.
During the past 13 years, Mackinac Financial's highest 3-Year average Total Assets Growth Rate was 19.70%. The lowest was -19.70%. And the median was 9.70%.
The historical data trend for Mackinac Financial's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Mackinac Financial's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as
* 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.
Mackinac Financial (NAS:MFNC) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Jun. 2021) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Mackinac Financial's Asset Turnover for the quarter that ended in Jun. 2021 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Mackinac Financial Total Assets Related Terms
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Mackinac Financial (Mackinac Financial) Business Description
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.
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