Citizens National Bank of Cheboygan

Overview / Commentary
303 North Main Street
Cheboygan, MI 49721

Citizens National Bank of Cheboygan is headquartered in CHEBOYGAN and is the 34th largest bank in the state of Michigan. It is also the 1,754th largest bank in the nation. It was established in 1931 and as of September of 2023, it had grown to 82 employees at 10 locations. Citizens National Bank of Cheboygan has a C- health rating.


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Health Grade Components

FDIC Certificate #5018
Year Established1931
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD271.95%
Annual Interest Income$12MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$496.9MM$519.9MM
LoansQ3 2023vs Q3 2022$223.6MM$200.9MM
DepositsQ3 2023vs Q3 2022$464.1MM$516.3MM
Equity CapitalQ3 2023vs Q3 2022($1,993,000)($4,377,000)
Loan Loss AllowanceQ3 2023vs Q3 2022$3.5MM$2.8MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$1MM$76K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Citizens National Bank of Cheboygan Savings Account Rates

1.00%*-$5kCNB Savings
OTHER TIERS: 0.24% $5k+

Citizens National Bank of Cheboygan Checking Account Rates

1.75%*-$5kCNB Interest
OTHER TIERS: 0.20% $5k+

Citizens National Bank of Cheboygan Locations
Inverness Branch10854 North Straits HighwayCheboygan, MI 49721
Pellston Branch200 Stimpson StreetPellston, MI 49769
Onaway Branch20581 State StreetOnaway, MI 49765
Citizens National Bank Of Cheboygan303 N Main StCheboygan, MI 49721
The Indian River Branch3990 Straits HighwayIndian River, MI 49749
Mackinaw Branch580 South NicoletMackinaw City, MI 49701
Alanson Branch8011 S. US 31Alanson, MI 49706
Main Drive-In Branch414 North DivisionCheboygan, MI 49721
Petoskey Branch308 State StPetoskey, MI 49770

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