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The First National Bank of St. Ignace, Financial Information

AboutThe First National Bank of St. Ignace

 Address:
132 North State Street
Saint Ignace,MI
Mackinac County,Michigan
 Established:
May 1888
 Number of domestic offices:
7
Total assets$317M
Net income$1M
Net income,quarterly$0M
Total deposits$284M
Domestic deposits$284M
Equity capital$25M
ROA0.49%
ROAQ,quarterly0.2%
ROA,pretax0.2%
ROAQ,quarterly,pretax0.29%
ROE5.89%
ROEQ,quarterly2.63%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The First National Bank of St. Ignace is a full-service community bank that was chartered in 1888. The bank have seven banking offices and eleven ATM locations throughout Michigan's Eastern Upper Peninsula.

It was founded in 1888 and has approximately $0.23 billion in assets. Compared to other banks in Michigan, The First National Bank of St. Ignace has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Historical Data