Bank · FDIC insured
Honor Bank
A $442.7M bank headquartered in Honor, MI, with 8 branches in Michigan. Best rates: savings 2.40% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- Savings892.80%at $100,000Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Honor Bank
Honor Bank is a northwest Michigan community bank with branches in Traverse City, Bear Lake, Benzonia, Buckley, Copemish, Honor, and Lake Ann.
- Headquarters
- 2254 Henry St, Honor, MI 49640
- FDIC certificate
- 8165 ↗
Branches
8 branches in Michigan
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Michigan
8 branches
Traverse City area · 5
- Honor BankMain office2254 Henry St, Honor, MI 49640Directions
- Benzonia Branch1720 Benzie Highway, Benzonia Township, MI 49616Directions
- Lake Ann BranchMaple Avenue And Second Street, Lake Ann Village, MI 49650Directions
- Garfield Avenue Branch1112 S Garfield Ave, Traverse City, MI 49686Directions
- Union Branch430 S Union St, Traverse City, MI 49684Directions
Bear Lake area · 1
- Bear Lake Branch11926 Chippewa Hwy, Bear Lake, MI 49614Directions
Cadillac area · 1
- Buckley Branch117 East Wexford Avenue, Buckley, MI 49620Directions
Copemish area · 1
- Copemish Branch18075 Cadillac Highway, Copemish, MI 49625Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.77% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.32% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.34% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $94 | $81 | — |
- CapitalLeverage ratio9.77%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.32%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.34%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$94Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Honor Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.