First Community Bank (MI)
First Community Bank (MI) is headquartered in Harbor Springs and is the 39th largest bank in the state of Michigan. It is also the 2,105th largest bank in the nation. It was established in 1905 and as of December of 2018, it had grown to 69 employees at 9 locations. First Community Bank (MI) has an A health rating.
Our Hometown Bank
We were relatively happy with our experience with First Community. We had maintained a checking account with the institution for around 4 years. We were very pleased with the bank's customer service and always felt welcome in the bank. The staff always maintained a professional and friendly demeanor and we were always treated like valued customers. I think the only real issue we had was when we would travel. It is nice to have the ability to use the resources of a national bank when one is away from home. Our current bank has in-network atms almost everywhere, so it was a large factor in our decision to leave the bank, but for a local institution, First Community does an excellent job.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13179 |
| Year Established | 1905 |
| Employees | 69 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.42% |
| Return on Equity - YTD | 15.09% |
| Annual Interest Income | $14.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $312.3MM$288.0MM |
| Loans | Q4 2018vs Q4 2017 | $260.4MM$238.7MM |
| Deposits | Q4 2018vs Q4 2017 | $265.6MM$241.9MM |
| Equity Capital | Q4 2018vs Q4 2017 | $29.1MM$27.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $2.8MM$2.6MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $0$756.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $558.00K$637.00K |
Sorry, we do not have rate data for First Community Bank (MI).
| First Community Bank (MI) Locations | ||
|---|---|---|
| Traverse City Main Branch | 102 E Front Street | Traverse City, MI 49684 |
| First Community Bank | 200 East Main Street | Harbor Springs, MI 49740 |
| Cheboygan Main Office Branch | 201 North Main Street | Cheboygan, MI 49721 |
| Petoskey Main Office | 330 East Mitchell | Petoskey, MI 49770 |
| Select Bank Branch | 60 Monroe Center | Grand Rapids, MI 49503 |
| Harbor Springs Lake St Branch | 115 East Lake Street | Harbor Springs, MI 49740 |
| Petoskey Spring Street Branch | 930 Spring Street | Petoskey, MI 49770 |
| Harbor Springs Airport Branch | Pleasantview Road and M-119 | Harbor Springs, MI 49740 |
| Petoskey Division St Branch | 2201 East Mitchell | Petoskey, MI 49770 |