First National Bank of St. Ignace

Overview / Commentary
132 North State Street
St. Ignace, MI 49781

First National Bank of St. Ignace is headquartered in ST. IGNACE and is the 49th largest bank in the state of Michigan. It is also the 2,482nd largest bank in the nation. It was established in 1888 and as of March of 2024, it had grown to 57 employees at 7 locations. First National Bank of St. Ignace has a C- health rating.

Reviews (1)

Customer Service

Posted by: |

Service is excellent in Cedarville, a local bank with heart and style!

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. First National Bank of St. Ignace has a negative return on equity.

Health Grade Components

FDIC Certificate #5074
Year Established1888
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.45%
Return on Equity - YTD-21.86%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$302.9MM$325.4MM
LoansQ1 2024vs Q1 2023$89.6MM$83.8MM
DepositsQ1 2024vs Q1 2023$292MM$302.7MM
Equity CapitalQ1 2024vs Q1 2023$6.4MM$6.7MM
Loan Loss AllowanceQ1 2024vs Q1 2023$904K$952K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$972K$1.6MM
Real Estate OwnedQ1 2024vs Q1 2023$411K$0

Sorry, we do not have rate data for First National Bank of St. Ignace.


First National Bank of St. Ignace Locations
Newberry Branch1014 Newberry AvenueNewberry, MI 49868
The First National Bank Of St. Ignace132 N State StSt. Ignace, MI 49781
Cedarville Branch192 South Meridian StreetCedarville, MI 49719
North Bay Branch580 North State StreetSt. Ignace, MI 49781
Mackinac Island Branch7399 Market StreetMackinac Island, MI 49757
Moran Township Branch920 West Us-2Saint Ignace, MI 49781
West Mackinac BranchW11635 US Highway 2Naubinway, MI 49762

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