First Bank, Upper Michigan

First Bank, Upper Michigan is headquartered in Gladstone and is the 75^th largest bank in the state of Michigan. It is also the 3,512^st largest bank in the nation. It was established in 1916 and as of March of 2012, it had grown to 48 employees at 3 locations. First Bank, Upper Michigan has a 3-star health rating.

Data for Q1 2012

Institution Statistics First Bank, Upper Michigan FDIC Certificate # 14276 BankRate Report View Year Established 1916 Employees 48 Primary Regulator FDIC Assets and Liabilities Assets $171.49 million Loans $124.38 million Deposits $122.14 million Equity Capital $29.96 million Loan Loss Allowance $4.20 million Unbacked Noncurrent Loans $6.30 million Real Estate Owned $1.30 million Historic Data - March 2011 Assets $170.65 million Equity Capital $27.36 million Loan Loss Allowance $4.14 million Unbacked Noncurrent Loans $4.14 million Real Estate Owned $1.11 million Profit Margin - Quarterly Net Interest Margin 4.55% Return on Assets 2.26% Return on Equity 12.92% Interest Income $2.22 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Bank, Upper Michigan had $7.6 million in non-current loans and owned real-estate with $34.15 million in equity and loan loss allowances on hand to cover it. This gives First Bank, Upper Michigan a Texas Ratio of 22.26% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Bank, Upper Michigan increased slightly from 16.66% as of March 31, 2011 to 22.26% as of March 31, 2012, resulting in a negative change of 33.63%. This indicates that the balance sheet and financial strength for First Bank, Upper Michigan has declined slightly in recent periods. Deposit Growth In the past year, First Bank, Upper Michigan has decreased its total deposits by -$3.78 million, resulting in -3.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Bank, Upper Michigan has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Bank, Upper Michigan has $171.49 million in assets with $34.15 million in equity, resulting in a capitalization level of 19.92%, which is excellent.

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