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 First Bank, Upper Michigan
First Bank, Upper Michigan
| RSSD ID 239556 | CERTIFICATE 14276 | ABA NUMBER 91109994 |
| 1400 Delta Ave |
Quarter Ended : |
2025-09-30 |
| Gladstone, Michigan, 49837 |
Updated : |
2025-10-15 |
| www.first-bank.com |
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| Institution Profile |
| Year Opened : |
1916 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
9 |
Number of Employees : |
113 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 642,848 |
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Total Interest Income | 24,404 |
| Total Liabilities | 565,149 |
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Total NonInterest Income | 5,379 |
| Total Bank Equity Capital | 77,699 |
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Total Interest Expense | 6,911 |
| Total Deposits | 538,440 |
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Total NonInterest Expense | 13,965 |
| Net Loans & Leases | 435,795 |
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Net Income | 8,463 |
| Loan Loss Allowance | 5,231 |
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Net Charge Offs | 162 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 79,346 |
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Total loans | 440,224 |
| Total assets for the leverage ratio | 624,416 |
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Loans secured by real estate: | 277,131 |
| Tier 1 Leverage Ratio | 11.85 |
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Commercial and industrial loans | 78,446 |
| Tier 1 Capital Ratio | 15.11 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 16.2 |
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Loans to individuals - Other | 49,863 |
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:· First Bank, Upper Michigan
