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.
Service is excellent in Cedarville, a local bank with heart and style!
Overall | |
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FDIC Certificate # | 5074 |
Year Established | 1888 |
Employees | 54 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.28% |
Return on Equity - YTD | 7.82% |
Annual Interest Income | $3.7MM |
Assets and Liabilities | ||
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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 |
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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 N State St | 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 |