Mackinac Financial (MFNC) 10-K2020 FY Annual report

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Exhibit 21

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Subsidiaries of Mackinac Financial Corporation

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First Manistique Agency, Inc. - 100% owned

(incorporated as a Michigan corporation)

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First Rural Relending Company - 100% owned

(incorporated as a Michigan corporation)

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North Country Capital Trust — 100% owned

(organized as a Delaware business trust)

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mBank - 100% owned

(incorporated as a Michigan banking corporation)

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Mackinac Financial Corporation directly owns the four subsidiaries listed above.