Citizens National Bank of Cheboygan: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Problem loans are rising at Citizens National Bank of Cheboygan. The Cheboygan, Michigan bank had $471 million in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.47% of loans from 0.04% a year earlier. It pays an average of 0.51% on its deposits and borrowings, about a third the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it funds 8.49% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.99%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $23 million equal 58% of Tier 1 capital, down from 74% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 9.0% and deposits fell 1.3%. Credit is the area to watch: it carries problem assets equal to 15.8% of the capital and reserves that would absorb them, 6.0 times the median of 2.6% for banks its size.
As of June 30, 2026, Citizens National Bank of Cheboygan reported a CET1 capital ratio of 14.29%, a return on assets of 0.74%, a nonperforming-loan ratio of 1.52% and a Texas ratio of 15.78%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 303 N Main St, Cheboygan, MI 49721
- County
- Cheboygan
- 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 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 24, 1931
- Offices
- 10 domestic
- Employees (FTE)
- 91
- Domestic deposits
- $435.8M
- Allowance for credit losses
- $3.5M
- Net charge-offs (YTD)
- $5K
- Average total assets
- $468.1M
- Average total loans
- $263.8M
- Average interest-bearing deposits
- $278.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5018
- Fed RSSD
- 773742
- Website
- www.cnbismybank.com →
- Parent Holding Company
- CNB CORPORATION (RSSD 1135422)
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 Citizens National Bank of Cheboygan terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Citizens National Bank of Cheboygan, freeCitizens National Bank of Cheboygan 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 | 14.29% | 0.74% | 1.47% | 15.78% | 3.81% |
| Q1 2026 | 14.36% | 0.72% | 1.53% | 16.28% | 3.72% |
| Q4 2025 | 14.32% | 0.93% | 1.53% | 16.46% | 3.76% |
| Q3 2025 | 13.98% | 1.01% | 1.60% | 19.00% | 3.57% |
| Q2 2025 | 14.10% | 0.70% | 0.04% | 0.58% | 3.38% |
| Q1 2025 | 14.02% | 0.63% | 0.05% | 0.66% | 3.26% |
| Q4 2024 | 13.96% | 0.75% | 0.13% | 2.56% | 3.26% |
| Q3 2024 | 13.27% | 0.74% | 0.16% | 2.21% | 3.02% |
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 10 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Citizens National Bank of Cheboygan (main office) | Cheboygan , MI | 49721 | $163.1M |
| The Indian River Branch | Indian River , MI | 49749 | $75.2M |
| Petoskey Branch | Petoskey , MI | 49770 | $51.3M |
| Onaway Branch | Onaway , MI | 49765 | $42.0M |
| Mackinaw Branch | Mackinaw City , MI | 49701 | $33.7M |
| Alanson Branch | Alanson , MI | 49706 | $27.8M |
| Pellston Branch | Pellston , MI | 49769 | $26.8M |
| Inverness Branch | Cheboygan , MI | 49721 | $13.8M |
| Http:Www.Cnbismybank.ComVirtual-Branch | Cheboygan , MI | 49721 | $2.2M |
| Main Drive-In Branch | Cheboygan , MI | 49721 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 1, 1966 | Structure Change | Acquired Onaway State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
What the public regulatory sources show for Citizens National Bank of Cheboygan, 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 48 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
- 5 loans, $3.5M approved, $699K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Citizens National Bank of Cheboygan
What are Citizens National Bank of Cheboygan's total assets?
As of the Q2 2026 filing, Citizens National Bank of Cheboygan reported total assets of $471.0 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Citizens National Bank of Cheboygan headquartered?
Citizens National Bank of Cheboygan is headquartered in Cheboygan, MI, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Citizens National Bank of Cheboygan founded?
Citizens National Bank of Cheboygan was established in 1931, per the FDIC institution directory.
Is Citizens National Bank of Cheboygan FDIC-insured?
Yes. Citizens National Bank of Cheboygan is an FDIC-insured commercial bank (FDIC Certificate #5018). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Citizens National Bank of Cheboygan?
Citizens National Bank of Cheboygan'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 Citizens National Bank of Cheboygan's CET1 capital ratio?
Citizens National Bank of Cheboygan reported a Common Equity Tier 1 (CET1) capital ratio of 14.29% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Citizens National Bank of Cheboygan operate?
Citizens National Bank of Cheboygan operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Citizens National Bank of Cheboygan's Texas Ratio?
Citizens National Bank of Cheboygan's Texas Ratio is 15.78% 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.
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