First National Bank of St. Ignace
Overview / Commentary
First National Bank of St. Ignace is headquartered in St. Ignace and is the 47th largest bank in the state of Michigan. It is also the 2,256th largest bank in the nation. It was established in 1888 and as of June of 2022, it had grown to 54 employees at 7 locations. First National Bank of St. Ignace 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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5074 |
| Year Established | 1888 |
| Employees | 54 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.28% |
| Return on Equity - YTD | 7.82% |
| Annual Interest Income | $3.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $347.0MM$333.3MM |
| Loans | Q2 2022vs Q2 2021 | $80.5MM$82.7MM |
| Deposits | Q2 2022vs Q2 2021 | $333.6MM$302.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $5.7MM$23.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $900.00K$862.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.9MM$2.0MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $57.00K$2.5MM |