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Mackinac Financial Corp/MI – ‘10-K’ for 12/31/15 – ‘R56’

On:  Wednesday, 3/30/16, at 6:02am ET   ·   For:  12/31/15   ·   Accession #:  1104659-16-108403   ·   File #:  0-20167

Previous ‘10-K’:  ‘10-K’ on 3/31/15 for 12/31/14   ·   Next:  ‘10-K’ on 3/30/17 for 12/31/16   ·   Latest:  ‘10-K’ on 3/12/21 for 12/31/20

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/30/16  Mackinac Financial Corp/MI        10-K       12/31/15  102:21M                                    Toppan Merrill/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.05M 
 2: EX-21       Subsidiaries List                                   HTML     24K 
 3: EX-23.1     Consent of Experts or Counsel                       HTML     26K 
 4: EX-31       Certification -- §302 - SOA'02                      HTML     41K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     28K 
13: R1          Document and Entity Information                     HTML     53K 
14: R2          Consolidated Balance Sheets                         HTML    126K 
15: R3          Consolidated Balance Sheets (Parenthetical)         HTML     46K 
16: R4          Consolidated Statements of Operations               HTML    130K 
17: R5          Consolidated Statement of Comprehensive Income      HTML     63K 
18: R6          Consolidated Statements of Changes in               HTML    104K 
                Shareholders' Equity                                             
19: R7          Consolidated Statements of Cash Flows               HTML    148K 
20: R8          Summary of Significant Accounting Policies          HTML     99K 
21: R9          Restrictions on Cash and Cash Equivalents           HTML     31K 
22: R10         Securities Available for Sale                       HTML    182K 
23: R11         Loans                                               HTML   1.29M 
24: R12         Premises and Equipment                              HTML     49K 
25: R13         Other Real Estate Held for Sale                     HTML     49K 
26: R14         Deposits                                            HTML     57K 
27: R15         Goodwill and Other Intangible Assets                HTML     34K 
28: R16         Servicing Rights                                    HTML     56K 
29: R17         Borrowings                                          HTML     58K 
30: R18         Income Taxes                                        HTML    124K 
31: R19         Operating Leases                                    HTML     43K 
32: R20         Retirement Plan                                     HTML     30K 
33: R21         Defined Benefit Pension Plan                        HTML     92K 
34: R22         Deferred Compensation Plan                          HTML     33K 
35: R23         Regulatory Matters                                  HTML    176K 
36: R24         Stock Compensation Plans                            HTML     82K 
37: R25         Shareholders' Equity                                HTML     35K 
38: R26         Commitments, Contingencies, and Credit Risk         HTML     53K 
39: R27         Fair Value                                          HTML    167K 
40: R28         Business Combinations                               HTML     96K 
41: R29         Subsequent Event                                    HTML     29K 
42: R30         Parent Company Only Financial Statements            HTML    196K 
43: R31         Summary of Significant Accounting Policies          HTML    166K 
                (Policies)                                                       
44: R32         Summary of Significant Accounting Policies          HTML     65K 
                (Tables)                                                         
45: R33         Securities Available for Sale (Tables)              HTML    184K 
46: R34         Loans (Tables)                                      HTML   1.29M 
47: R35         Premises and Equipment (Tables)                     HTML     49K 
48: R36         Other Real Estate Held for Sale (Tables)            HTML     45K 
49: R37         Deposits (Tables)                                   HTML     57K 
50: R38         Servicing Rights (Tables)                           HTML     53K 
51: R39         Borrowings (Tables)                                 HTML     61K 
52: R40         Income Taxes (Tables)                               HTML    125K 
53: R41         Operating Leases (Tables)                           HTML     38K 
54: R42         Defined Benefit Pension Plan (Tables)               HTML     96K 
55: R43         Regulatory Matters (Tables)                         HTML    167K 
56: R44         Stock Compensation Plans (Tables)                   HTML     84K 
57: R45         Commitments, Contingencies, and Credit Risk         HTML     45K 
                (Tables)                                                         
58: R46         Fair Value (Tables)                                 HTML    159K 
59: R47         Business Combinations (Tables)                      HTML     90K 
60: R48         Parent Company Only Financial Statements (Tables)   HTML    200K 
61: R49         Summary of Significant Accounting Policies          HTML     97K 
                (Details)                                                        
62: R50         Restrictions on Cash and Cash Equivalents           HTML     28K 
                (Details)                                                        
63: R51         Securities Available for Sale (Details)             HTML     78K 
64: R52         Securities Available for Sale (Details 2)           HTML     75K 
65: R53         Loans (Details)                                     HTML    114K 
66: R54         Loans (Details 2)                                   HTML    129K 
67: R55         Loans (Details 3)                                   HTML     93K 
68: R56         Loans (Details 4)                                   HTML    121K 
69: R57         Loans (Details 5)                                   HTML     69K 
70: R58         Loans (Details 6)                                   HTML     68K 
71: R59         Loans (Details 7)                                   HTML     90K 
72: R60         Loans (Details 8)                                   HTML     41K 
73: R61         Premises and Equipment (Details)                    HTML     46K 
74: R62         Other Real Estate Held for Sale (Details)           HTML     44K 
75: R63         Deposits (Details)                                  HTML     57K 
76: R64         Goodwill and Other Intangible Assets (Details)      HTML     49K 
77: R65         Servicing Rights (Details)                          HTML     57K 
78: R66         Borrowings (Details)                                HTML     72K 
79: R67         Borrowings (Details 2)                              HTML     45K 
80: R68         Income Taxes (Details)                              HTML    119K 
81: R69         Operating Leases (Details)                          HTML     90K 
82: R70         Retirement Plan (Details)                           HTML     34K 
83: R71         Defined Benefit Pension Plan (Details)              HTML    106K 
84: R72         Deferred Compensation Plan (Details)                HTML     43K 
85: R73         Regulatory Matters (Details)                        HTML    109K 
86: R74         Stock Compensation Plans (Details)                  HTML    112K 
87: R75         Stock Compensation Plans (Details 2)                HTML     36K 
88: R76         Shareholders' Equity (Details)                      HTML     61K 
89: R77         Commitments, Contingencies, and Credit Risk         HTML     43K 
                (Details)                                                        
90: R78         Commitments, Contingencies, and Credit Risk         HTML     39K 
                (Details 2)                                                      
91: R79         Fair Value (Details)                                HTML     76K 
92: R80         Fair Value (Details 2)                              HTML     47K 
93: R81         Fair Value (Details 3)                              HTML     37K 
94: R82         Business Combinations (Details)                     HTML    122K 
95: R83         Sebsequent Event (Details)                          HTML     39K 
96: R84         Parent Company Only Financial Statements (Details)  HTML     76K 
97: R85         Parent Company Only Financial Statements (Details   HTML     50K 
                2)                                                               
98: R86         Parent Company Only Financial Statements (Details   HTML     73K 
                3)                                                               
99: R87         Parent Company Only Financial Statements (Details   HTML     95K 
                4)                                                               
101: XML         IDEA XML File -- Filing Summary                      XML    187K  
100: EXCEL       IDEA Workbook of Financial Reports                  XLSX    126K  
 7: EX-101.INS  XBRL Instance -- mfnc-20151231                       XML   6.79M 
 9: EX-101.CAL  XBRL Calculations -- mfnc-20151231_cal               XML    318K 
10: EX-101.DEF  XBRL Definitions -- mfnc-20151231_def                XML    884K 
11: EX-101.LAB  XBRL Labels -- mfnc-20151231_lab                     XML   2.27M 
12: EX-101.PRE  XBRL Presentations -- mfnc-20151231_pre              XML   1.61M 
 8: EX-101.SCH  XBRL Schema -- mfnc-20151231                         XSD    246K 
102: ZIP         XBRL Zipped Folder -- 0001104659-16-108403-xbrl      Zip    338K  


‘R56’   —   Loans (Details 4)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.3.1.900
LOANS (Details 4) - USD ($)
$ in Thousands
12 Months Ended
Impaired Loans      
Number of days past due to be considered as nonperforming loans 90 days    
Non performing loans $ 2,978    
Average investment      
Total 18,869 $ 3,354  
Related Valuation Reserve 251 720  
Interest Income Recognized During Impairment      
Total 795 0 $ 0
Interest Income on Accrual Basis      
Total 1,125 130 $ 228
Nonaccrual Basis      
Recorded investment      
Total 2,507 3,939  
Accrual Basis      
Recorded investment      
Total 8,217 10,312  
Commercial real estate loans      
Average investment      
With no valuation reserve 7,205 532  
With a valuation reserve   229  
Total 7,205 761  
Related Valuation Reserve   227  
Interest Income Recognized During Impairment      
With no valuation reserve 576    
Total 576    
Interest Income on Accrual Basis      
With no valuation reserve 655 7  
With a valuation reserve   18  
Total 655 25  
Commercial real estate loans | Nonaccrual Basis      
Recorded investment      
With no valuation reserve 471 632  
With a valuation reserve   227  
Total 471 859  
Commercial real estate loans | Accrual Basis      
Recorded investment      
With no valuation reserve 4,051 5,352  
Total 4,051 5,352  
Commercial, financial, and agricultural      
Average investment      
With no valuation reserve 4,849 685  
With a valuation reserve 699 1,109  
Total 5,548 1,794  
Related Valuation Reserve 192 484  
Interest Income Recognized During Impairment      
With no valuation reserve 78    
Total 78    
Interest Income on Accrual Basis      
With no valuation reserve 214 27  
With a valuation reserve 36 45  
Total 250 72  
Commercial, financial, and agricultural | Nonaccrual Basis      
Recorded investment      
With no valuation reserve   74  
With a valuation reserve 460 774  
Total 460 848  
Commercial, financial, and agricultural | Accrual Basis      
Recorded investment      
With no valuation reserve 1,778 702  
Total 1,778 702  
Commercial construction      
Average investment      
With no valuation reserve 260 11  
Total 260 11  
Interest Income Recognized During Impairment      
With no valuation reserve 3    
Total 3    
Interest Income on Accrual Basis      
With no valuation reserve 6    
Total 6    
Commercial construction | Accrual Basis      
Recorded investment      
With no valuation reserve   158  
Total   158  
One to four family residential real estate      
Average investment      
With no valuation reserve 5,413 656  
With a valuation reserve 232 116  
Total 5,645 772  
Related Valuation Reserve 58 9  
Interest Income Recognized During Impairment      
With no valuation reserve 137    
Total 137    
Interest Income on Accrual Basis      
With no valuation reserve 205 25  
With a valuation reserve 6 7  
Total 211 32  
One to four family residential real estate | Nonaccrual Basis      
Recorded investment      
With no valuation reserve 1,267 1,844  
With a valuation reserve 229 114  
Total 1,496 1,958  
One to four family residential real estate | Accrual Basis      
Recorded investment      
With no valuation reserve 2,385 3,877  
Total 2,385 3,877  
Consumer construction      
Average investment      
With no valuation reserve 99 15  
Total 99 15  
Interest Income on Accrual Basis      
With no valuation reserve 1    
Total 1    
Consumer construction | Nonaccrual Basis      
Recorded investment      
With no valuation reserve 20 274  
Total 20 274  
Consumer construction | Accrual Basis      
Recorded investment      
With no valuation reserve 2 215  
Total 2 215  
Consumer      
Average investment      
With no valuation reserve 102 1  
With a valuation reserve 10    
Total 112 1  
Related Valuation Reserve 1    
Interest Income Recognized During Impairment      
With no valuation reserve 1    
Total 1    
Interest Income on Accrual Basis      
With no valuation reserve 2 1  
Total 2 1  
Consumer | Nonaccrual Basis      
Recorded investment      
With no valuation reserve 50    
With a valuation reserve 10    
Total 60    
Consumer | Accrual Basis      
Recorded investment      
With no valuation reserve 1 8  
Total $ 1 $ 8  

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/30/16
For Period end:12/31/1511-K
12/31/1410-K,  11-K,  ARS
12/31/1310-K,  10-K/A,  11-K
 List all Filings 
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Filing Submission 0001104659-16-108403   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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