First National Bank & Trust: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
First National Bank & Trust, based in Iron Mountain, Michigan, reported $386 million in assets at June 30, 2026, down 2.7% from a year earlier. It carries problem assets equal to 16.5% of the capital and reserves that would absorb them, 6.3 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it pays an average of 1.06% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 3.02% of loans, down from 3.83% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 7.9% and deposits fell 1.4%. Where it has less room is capital: it funds 9.48% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, First National Bank & Trust reported a CET1 capital ratio of 15.32%, a return on assets of 0.83%, a nonperforming-loan ratio of 3.22% and a Texas ratio of 16.54%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 233 S Stephenson Ave, Iron Mountain, MI 49801
- County
- Dickinson
- Metro Area
- Iron Mountain, MI-WI
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1887
- Former names
- First National Bank & Trust Co. (2022); The First National Bank & Trust Company of Iron Mountain (2002-2022)
- Offices
- 7 domestic
- Employees (FTE)
- 67
- Domestic deposits
- $337.6M
- Allowance for credit losses
- $5.0M
- Net charge-offs (YTD)
- $11K
- Average total assets
- $408.2M
- Average total loans
- $215.5M
- Average interest-bearing deposits
- $239.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5062
- Fed RSSD
- 251558
- Website
- www.fnbimk.com →
- Parent Holding Company
- FNB BANCSHARES, INC. (RSSD 1416671)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First National Bank & Trust terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock First National Bank & Trust, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
First National Bank & Trust rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.32% | 0.83% | 3.22% | 16.54% | 3.89% |
| Q1 2026 | 15.39% | 0.82% | 3.41% | 17.87% | 3.63% |
| Q4 2025 | 14.81% | 0.84% | 3.54% | 18.74% | 3.67% |
| Q3 2025 | 14.63% | 0.86% | 3.41% | 19.14% | 3.42% |
| Q2 2025 | 14.49% | 0.62% | 4.04% | 23.66% | 3.31% |
| Q1 2025 | 14.45% | 0.54% | 3.48% | 19.47% | 3.12% |
| Q4 2024 | 14.38% | 0.45% | 3.52% | 21.39% | 3.02% |
| Q3 2024 | 13.68% | 0.56% | 3.42% | 20.34% | 3.04% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 7 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First National Bank & Trust Co. | Iron Mountain , MI | 49801 | $224.0M |
| Kingsford Branch | Kingsford , MI | 49802 | $42.2M |
| Iron River Branch | Iron River , MI | 49935 | $31.7M |
| North Menomine Branch | Menominee , MI | 49858 | $22.2M |
| South Branch | Iron Mountain , MI | 49801 | $17.6M |
| First National Trust & Wealth Management Branch | Marquette , MI | 49855 | $0 |
| Marquette Trust Office | Marquette , MI | 49855 | $0 |
Regulatory record
What the public regulatory sources show for First National Bank & Trust, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in MI, rank 58 of 98 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $498K approved, $249K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about First National Bank & Trust
What are First National Bank & Trust's total assets?
As of the Q2 2026 filing, First National Bank & Trust reported total assets of $386.4 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First National Bank & Trust headquartered?
First National Bank & Trust is headquartered in Iron Mountain, MI, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was First National Bank & Trust founded?
First National Bank & Trust was established in 1887, per the FDIC institution directory.
Is First National Bank & Trust FDIC-insured?
Yes. First National Bank & Trust is an FDIC-insured commercial bank (FDIC Certificate #5062). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First National Bank & Trust?
First National Bank & Trust's primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is First National Bank & Trust's CET1 capital ratio?
First National Bank & Trust reported a Common Equity Tier 1 (CET1) capital ratio of 15.32% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First National Bank & Trust operate?
First National Bank & Trust operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First National Bank & Trust's Texas Ratio?
First National Bank & Trust's Texas Ratio is 16.54% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was First National Bank & Trust previously called?
The charter now named First National Bank & Trust has also operated as First National Bank & Trust Co. (2022), The First National Bank & Trust Company of Iron Mountain (2002-2022), per FDIC structure-change records.
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