MFNC: Mackinac Financial Corporation - Summary | Jitta

Mackinac Financial Corporation

NASDAQ:MFNC

Notice
Stock data is unavailable or the company’s delisted.
Price
$21.50
Loss Chance
42.4%
6.39JITTA SCORE
26.29%Over Jitta Line
Jitta Ranking
Sorry, the data is not yet available for this stock.
HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (69)
Recent Business Performance (61)
Financial Strength (91)
Return to Shareholders (44)
Competitive Advantage (53)
Jitta Signs
Dividend PayoutIncreasing Every Year
Total DepositConsistent Growth
Loan to DepositHigh Efficiency
Net Interest MarginHigh Efficiency
Revenue and EarningRevenue decline from 2017-2020
New Share IssuedMore than 50% in 5 years
SG&A to SalesIncreasing
Key Stats
Jitta Score
Jitta Line
6.39
26.29%
6.39
296.03%
5.47
185.74%
Regional Banks
8.13
44.08%
7.28
24.74%
7.08
12.92%
COMPANY DESCRIPTION
As of September 3, 2021, Mackinac Financial Corporation was acquired by Nicolet Bankshares, Inc. Mackinac Financial Corporation operates as the bank holding company for mBank that provides commercial and retail banking products and services in the United States. It offers interest bearing and non-interest bearing accounts, such as commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, certificates of deposit, time deposits, and interest bearing transaction accounts. The company provides loan products, including commercial loans to entities within real estate — operators of nonresidential buildings industry; consumer loan products comprising installment, mortgages, home equity loans, and residential mortgage loans; and commercial and governmental lease financing, as well as offers safe deposit facilities. It has 28 branch locations, including 10 in the Upper Peninsula, 10 in the Lower Peninsula, 1 in Southeast Michigan, Michigan, and 7 in Wisconsin. The company was formerly known as North Country Financial Corporation and changed its name to Mackinac Financial Corporation in December 2004. Mackinac Financial Corporation was incorporated in 1974 and is headquartered in Manistique, Michigan.