TellerScore

The First National Bank of St. Ignace (FDIC certificate #5074) is based in St. Ignace, Michigan. Its Q2 2026 call report shows $335.8M in total assets and $316.3M in deposits and 7 offices.

Based on its Q2 2026 filing, The First National Bank of St. Ignace scores 59/100, which we describe as moderate. That is higher than only 17% of 2,650 banks with $100 million – $1 billion. Among 72 banks headquartered in Michigan, it ranks 57th. Its strongest component is problem-loan coverage (92/100; 3.9%), and its lowest is capital cushion (28/100; 7.78%).

TellerScore · Q2 2026

Scorecard

Capital cushion28/100
Tier 1 leverage ratio: 7.78%
Loan quality78/100
Noncurrent loans ÷ total loans: 0.65%
Earnings45/100
Return on assets (annualized): 0.63%
Funding & liquidity83/100
Loans ÷ deposits and uninsured-deposit share: 35.1% · 30.1% uninsured
Problem-loan coverage92/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 3.94%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 4 points (55 → 59), mostly because the earnings component improved by 25 points.

TellerScore
505967Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202467
Q3 202466
Q4 202464
Q1 202558
Q2 202555
Q3 202557
Q4 202550
Q1 202663
Q2 202659
Tier 1 leverage ratio
5.00%6.51%8.03%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20248.03%
Q3 20247.10%
Q4 20247.21%
Q1 20257.62%
Q2 20257.71%
Q3 20256.99%
Q4 20257.09%
Q1 20267.42%
Q2 20267.78%
Noncurrent loans
0.00%0.45%0.90%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.90%
Q3 20240.19%
Q4 20240.27%
Q1 20250.00%
Q2 20250.45%
Q3 20250.00%
Q4 20250.74%
Q1 20260.04%
Q2 20260.65%
Return on assets
-0.03%1.03%2.09%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20242.09%
Q3 20241.34%
Q4 20241.11%
Q1 2025-0.03%
Q2 2025-0.01%
Q3 20250.07%
Q4 2025-0.01%
Q1 20260.63%
Q2 20260.63%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202659$335.8M7.78%0.65%0.63%35.1%
Q1 202663$334.4M7.42%0.04%0.63%34.9%
Q4 202550$343.7M7.09%0.74%-0.01%33.1%
Q3 202557$364.8M6.99%0.00%0.07%29.5%
Q2 202555$321.8M7.71%0.45%-0.01%33.8%
Q1 202558$320.9M7.62%0.00%-0.03%33.2%
Q4 202464$317.3M7.21%0.27%1.11%29.7%
Q3 202466$357.2M7.10%0.19%1.34%25.7%
Q2 202467$306.4M8.03%0.90%2.09%29.9%

2,650 peers · $100 million – $1 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio7.78%
1st
Total risk-based capital16.73%
77th
Problem loans0.65%
39th
Net charge-offs0.17%
14th
Return on assets0.63%
16th
Net interest margin2.97%
9th
Efficiency ratio75.0%
20th
Loans to deposits35.1%
97th
Uninsured deposits30.1%
28th
Loan-loss reserves0.77%
10th
Texas ratio3.9%
41st

Similar-size banks in Michigan

InstitutionScoreAssetsCapitalProblem loansCompare
Huron Community BankBank East Tawas, MI63 out of 100, Moderate$323.3M9.1%0.33%vs
Alden State BankBank Alden, MI86 out of 100, Very strong$318.4M12.7%0.26%vs
Dearborn Federal Savings BankBank Dearborn, MI72 out of 100, Strong$306.6M25.9%0.64%vs
Upper Peninsula State BankBank Escanaba, MI72 out of 100, Strong$371.7M13.4%1.09%vs
Huron Valley State BankBank Milford, MI53 out of 100, Below average$291.9M10.0%1.70%vs
First National Bank & Trust Co.Bank Iron Mountain, MI45 out of 100, Below average$386.4M9.5%3.22%vs

Deposit insurance

Is my money safe at The First National Bank of St. Ignace?

Yes. The First National Bank of St. Ignace is an FDIC-insured institution (FDIC certificate #5074). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 30.1% of deposits ($95.2M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 7.78%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 16.73% (benchmark: 10%).

Check how much of your own balance is covered

7 locations

Branches

The First National Bank of St. Ignace lists 7 offices in 6 cities. Most locations:

  • St. Ignace, MI (2)
  • Cedarville, MI (1)
  • Mackinac Island, MI (1)
  • Naubinway, MI (1)
  • Newberry, MI (1)
  • Saint Ignace, MI (1)

All branch addresses and map

Identity & history

Profile

Legal name
The First National Bank of St. Ignace
Type
National bank
FDIC certificate #
5074
RSSD ID
381950
Primary regulator
OCC
Holding company
Mackinac National Bcorp Inc
Established
May 17, 1888
Headquarters
132 N State St, St. Ignace, MI 49781
Employees
60

Quick answers

The First National Bank of St. Ignace: common questions

Is The First National Bank of St. Ignace FDIC insured?

Yes. The First National Bank of St. Ignace is an FDIC-insured institution (FDIC certificate #5074). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is The First National Bank of St. Ignace's TellerScore?

59 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has The First National Bank of St. Ignace ever failed?

There is no failure record for FDIC certificate #5074 in the FDIC failed bank list.

How many branches does The First National Bank of St. Ignace have?

7 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near St. Ignace

InstitutionScoreAssetsCapitalProblem loansCompare
U.P. State Credit UnionCredit union Escanaba, MI79 out of 100, Strong$210.3M13.2%1.10%vs
First Community BankBank Harbor Springs, MI77 out of 100, Strong$413.6M9.9%0.00%vs
Alpena-Alcona Area Credit UnionCredit union Alpena, MI77 out of 100, Strong$975.7M12.2%0.85%vs
Central Savings BankBank Sault Sainte Marie, MI74 out of 100, Strong$516.8M9.5%0.16%vs
Nicolet National BankBank Green Bay, WI64 out of 100, Moderate$15.4B9.6%0.63%vs
PNC Bank, National AssociationBank Wilmington, DE62 out of 100, Moderate$609.8B9.0%0.74%vs