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First Bank, Upper Michigan
Gladstone, MI · FDIC Certificate #14276 · Chartered 08/1
Total assets
$629.49M
Total deposits
$528.33M
Total equity
$83.46M
Net loans
$446.07M
Branches (offices)
9
Net income (YTD)
$6.41M
Rank: #1,499 of 4,213 U.S. banks by assets · #25 of 72 in Michigan. Assets changed 1.7% and deposits 2.0% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 2.03% |
| Return on equity | 15.50% |
| Net interest margin (YTD) | 4.39% |
| Equity to assets | 13.26% |
| Tier 1 leverage ratio | 12.68% |
| Uninsured deposits (share of deposits) | 30.0% |
| Noncurrent loans (share of loans) | 0.63% |
| Net charge-offs (share of loans) | 0.08% |
| Loans to deposits | 84.4% |
| Real estate loans (share of loans) | 75.2% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $335.57M | 75.2% | |
| Commercial & industrial | $70.29M | 15.8% | |
| Consumer / individual | $43.87M | 9.8% | |
| Construction & development | $22.67M | 5.1% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $589.57M | $510.63M | $4.09M | $57.97M |
| Jun 2023 | $580.09M | $491.12M | $3.49M | $58.29M |
| Jun 2024 | $603.57M | $501.66M | $3.83M | $64.93M |
| Jun 2025 | $619.09M | $517.78M | $5.34M | $74.76M |
| Jun 2026 | $629.49M | $528.33M | $6.41M | $83.46M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Michigan | $528.33M | 9 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $528.33M.
Similar-sized banks
Banktennessee ($630.25M) · Marion County State Bank ($628.65M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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