First National Bank of St. Ignace is headquartered in St. Ignace and is the 46th largest bank in the state of Michigan. It is also the 2,185th largest bank in the nation. It was established in 1888 and as of December of 2021, it had grown to 56 employees at 7 locations. First National Bank of St. Ignace has a B+ health rating.
Service is excellent in Cedarville, a local bank with heart and style!
Overall | |
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FDIC Certificate # | 5074 |
Year Established | 1888 |
Employees | 56 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.25% |
Return on Equity - YTD | 3.78% |
Annual Interest Income | $7.5MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $366.2MM$317.2MM |
Loans | Q4 2021vs Q4 2020 | $81.6MM$78.6MM |
Deposits | Q4 2021vs Q4 2020 | $337.9MM$283.9MM |
Equity Capital | Q4 2021vs Q4 2020 | $20.7MM$25.1MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $874.00K$833.00K |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.9MM$2.1MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $171.00K$2.5MM |
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First National Bank of St. Ignace Locations | ||
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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 |