Mackinac Financial (MFNC)

Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.5 billion. 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.

Company profile

Ticker

MFNC

Exchange

NASDAQ

Website

www.bankmbank.com

CEO

Paul Davison Tobias

Incorporated

Michigan

Location

Michigan

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares ...

Former names

FIRST MANISTIQUE CORP, NORTH COUNTRY FINANCIAL CORP

SEC CIK

0000036506

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

First Manistique Agency, Inc. • First Rural Relending Company ...

IRS number

382062816

MFNC stock data

1M 1Y 5Y

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

11 Aug 21

20 Aug 22

31 Dec 22

Financial summary

Financial statements Chart MFNC financial data

Quarter (USD)	Jun 21	Mar 21	Dec 20	Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

MFNC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares
3 Sep 21	Jesse A Deering	Common Stock	Sale back to company	Dispose D	No	No	30,288
3 Sep 21	Paul Davison Tobias	Common Stock	Sale back to company	Dispose D	Yes	No	72,970
3 Sep 21	Paul Davison Tobias	Common Stock	Sale back to company	Dispose D	Yes	No	54,194
3 Sep 21	Paul Davison Tobias	Common Stock	Sale back to company	Dispose D	No	No	107,867
3 Sep 21	Kelly W George	Common Stock	Sale back to company	Dispose D	No	No	101,000
3 Sep 21	Aspatore Walter J	Common Stock	Sale back to company	Dispose D	No	No	34,120
3 Sep 21	Dennis Bittner	Common Stock	Sale back to company	Dispose D	No	No	5,102

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q3 2021

MFNC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	0	0
Opened positions	0	0
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	0	0
Total shares	0	0
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.