First National Bank of St. Ignace
Overview / Commentary
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 2,338th largest bank in the nation. It was established in 1888 and as of March of 2023, it had grown to 58 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 Q1 2023
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 | 0.05% |
| Return on Equity - YTD | 3.47% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $325.4MM$356.1MM |
| Loans | Q1 2023vs Q1 2022 | $83.8MM$83.0MM |
| Deposits | Q1 2023vs Q1 2022 | $302.7MM$337.0MM |
| Equity Capital | Q1 2023vs Q1 2022 | $6.7MM$11.6MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $952.00K$890.00K |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $1.6MM$1.9MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$57.00K |