First Community Bank (MI) is headquartered in Harbor Springs and is the 42nd largest bank in the state of Michigan. It is also the 2,125th largest bank in the nation. It was established in 1905 and as of December of 2019, it had grown to 67 employees at 9 locations. First Community Bank (MI) has an A+ health rating.
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.
| Overall | |
|---|---|
| FDIC Certificate # | 13179 |
| Year Established | 1905 |
| Employees | 67 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.61% |
| Return on Equity - YTD | 16.59% |
| Annual Interest Income | $15.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $312.3MM$312.3MM |
| Loans | Q4 2019vs Q4 2018 | $259.3MM$260.4MM |
| Deposits | Q4 2019vs Q4 2018 | $265.8MM$265.6MM |
| Equity Capital | Q4 2019vs Q4 2018 | $31.0MM$29.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $2.8MM$2.8MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $283.00K$0 |
| Real Estate Owned | Q4 2019vs Q4 2018 | $7.00K$558.00K |
Sorry, we do not have rate data for First Community Bank (MI).
| Birmingham Branches | ||
|---|---|---|
| Birmingham Branch | 379 South Old Woodward Avenue | Birmingham, MI 48009 |
| Cheboygan Branches | ||
|---|---|---|
| Cheboygan Main Office Branch | 201 North Main Street | Cheboygan, MI 49721 |
| Grand Rapids Branches | ||
|---|---|---|
| Select Bank Branch | 60 Monroe Center | Grand Rapids, MI 49503 |
| Harbor Springs Branches | ||
|---|---|---|
| First Community Bank | 200 East Main Street | Harbor Springs, MI 49740 |
| Harbor Springs Lake St Branch | 115 East Lake Street | Harbor Springs, MI 49740 |
| Harbor Springs Airport Branch | Pleasantview Road and M-119 | Harbor Springs, MI 49740 |
| Petoskey Branches | ||
|---|---|---|
| Petoskey Main Office | 330 East Mitchell | Petoskey, MI 49770 |
| Petoskey Spring Street Branch | 930 Spring Street | Petoskey, MI 49770 |
| Petoskey Division St Branch | 2201 East Mitchell | Petoskey, MI 49770 |
| Traverse City Branches | ||
|---|---|---|
| Traverse City Main Branch | 102 E Front Street | Traverse City, MI 49684 |