First National Bank of St. Ignace
Overview / Commentary
First National Bank of St. Ignace is headquartered in St. Ignace and is the 50th largest bank in the state of Michigan. It is also the 2,357th largest bank in the nation. It was established in 1888 and as of March of 2021, it had grown to 55 employees at 7 locations. First National Bank of St. Ignace has a B 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
B
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5074 |
| Year Established | 1888 |
| Employees | 55 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 4.22% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $322.9MM$263.1MM |
| Loans | Q1 2021vs Q1 2020 | $79.0MM$81.1MM |
| Deposits | Q1 2021vs Q1 2020 | $292.3MM$231.0MM |
| Equity Capital | Q1 2021vs Q1 2020 | $22.6MM$24.0MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $849.00K$996.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $2.2MM$3.9MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $2.5MM$572.00K |