Overview / Commentary
First National Bank of St. Ignace is headquartered in St. Ignace and is the 53rd largest bank in the state of Michigan. It is also the 2,478th largest bank in the nation. It was established in 1888 and as of June of 2019, it had grown to 64 employees at 7 locations. First National Bank of St. Ignace's CD rates are 18% higher than the national average, and it has a C+ health rating.
Reviews (1)
Customer Service
Posted by: Anonymous | Jan 1, 2011
Service is excellent in Cedarville, a local bank with heart and style!
Health
C+
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5074 |
| Year Established | 1888 |
| Employees | 64 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.37% |
| Return on Equity - YTD | 4.36% |
| Annual Interest Income | $4.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $254.2MM$260.5MM |
| Loans | Q2 2019vs Q2 2018 | $84.4MM$85.1MM |
| Deposits | Q2 2019vs Q2 2018 | $223.1MM$232.8MM |
| Equity Capital | Q2 2019vs Q2 2018 | $23.3MM$19.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.0MM$1.1MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $3.7MM$2.7MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $468.00K$942.00K |
Rates
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First National Bank of St. Ignace Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.28% | $10 | - | IRA Passbook | |
| 0.50% | $1 | - | Christmas Club Account | |
| 0.40% | $10k | - | Select Savings Account | |
| 0.15% | $25 | - | Statement Savings | |
| 0.15% | $1 | - | Moola Moola Savings Account |
First National Bank of St. Ignace Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $1k | - | Money Market Account |
First National Bank of St. Ignace Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $1k | - | Check Plus Super NOW Account | |
| 0.10% | $1k | - | Super NOW Account | |
| 0.05% | $1k | - | Personal NOW Account | |
| 0.05% | $1k | - | Check Plus NOW Account |
First National Bank of St. Ignace CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.06% | $10k | - | Flex 12 Month Liquid CD |
Locations
| First National Bank of St. Ignace Locations | ||
|---|---|---|
| Newberry Branch | 1014 Newberry Avenue | Newberry, MI 49868 |
| The First National Bank Of St. Ignace | 132 North State Street | St. Ignace, MI 49781 |
| Cedarville Branch | 192 South Meridian Street | Cedarville, MI 49719 |
| North Bay Branch | 580 North State Street | St. Ignace, MI 49781 |
| Mackinac Island Branch | 7399 Market Street | Mackinac Island, MI 49757 |
| Moran Township Branch | 920 West Us-2 | Saint Ignace, MI 49781 |
| West Mackinac Branch | W11635 US Highway 2 | Naubinway, MI 49762 |