First National Bank of St. Ignace
Overview / Commentary
First National Bank of St. Ignace is headquartered in St. Ignace and is the 48th largest bank in the state of Michigan. It is also the 2,401st largest bank in the nation. It was established in 1888 and as of June of 2020, it had grown to 58 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 Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5074 |
| Year Established | 1888 |
| Employees | 58 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 8.73% |
| Annual Interest Income | $4.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $292.1MM$254.2MM |
| Loans | Q2 2020vs Q2 2019 | $79.1MM$84.4MM |
| Deposits | Q2 2020vs Q2 2019 | $258.6MM$223.1MM |
| Equity Capital | Q2 2020vs Q2 2019 | $25.1MM$23.3MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.0MM$1.0MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $2.4MM$3.7MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $2.8MM$468.00K |