Citizens National Bank of Cheboygan
Also written as CNB of Cheboygan
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Data as of · sourced from FFIEC call reports. How we update
Citizens National Bank of Cheboygan is an FDIC-insured commercial bank headquartered in Cheboygan, MI, established in 1931 (FDIC certificate 5018), and it is supervised by the OCC. At Q2 2026 it reported total assets of $471.0M, up 0.4% from Q2 2025, the 36th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 14.29% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 5018
- Headquarters
- Cheboygan, MI
- Established
- 1931
- Total assets, Q2 2026
- $471.0M
- Assets vs Q2 2025
- +0.4%
- CET1 ratio, Q2 2026
- 14.29%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 072402212
- Latest call report
- Q2 2026, FFIEC 051 · Citizens National Bank of Cheboygan call report
- Holding company
- CNB CORPORATION
- Asset rank in state
- 36th of 72 in Michigan
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 1.47% and a Texas ratio of 15.78%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Citizens National Bank of Cheboygan is the 36th largest of the 72 banks headquartered in Michigan. Between Q1 2026 and Q2 2026, its total assets rose 1.5% to $471.0M, loans rose 3.8% and deposits rose 0.1%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 46.7% of total loans, followed by non-owner-occupied commercial real estate loans at 15.3%. Its 10 offices in the FDIC Summary of Deposits are in 7 cities in MI; its Cheboygan 4 offices book 41% of its branch deposits. Judged on its Q2 2026 call report, Citizens National Bank of Cheboygan meets every capital ratio test for well capitalized.
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
- Domestic offices
- 10 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Citizens National Bank of Cheboygan's total assets ran between $463.9M (Q1 2026) and $514.7M (Q3 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$471.0M total assets against $469.2M; $449.5M total liabilities against $453.8M.
$264.8M net loans and leases against $242.7M; $435.8M total deposits against $441.5M.
$161.9M securities against $180.1M; $12.4M cash and balances due against $13.5M.
$4.9M total interest income against $4.7M; $561K total interest expense against $801K.
$4.4M net interest income against $3.9M.
$689K total noninterest income against $644K; $4.0M total noninterest expense against $3.5M.
$15K provision for credit losses against $37K.
$861K net income against $820K.
0.74% return on assets against 0.70%; 3.81% net interest margin against 3.38%.
14.29% CET1 capital ratio against 14.10%; 8.49% tier 1 leverage ratio against 7.92%.
Inside the full Citizens National Bank of Cheboygan terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCitizens National Bank of Cheboygan rankings
Its closest position to the top of a national ranking is 277 of 3,640, for Texas Ratio; its furthest is 3,193 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.63% (Q1 2025) to 1.01% (Q3 2025) and its net interest margin ran from 3.02% (Q3 2024) to 3.81% (Q2 2026).
| 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
View all 10 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MI, rank 48 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- 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).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Citizens National Bank of Cheboygan headquartered?
It is headquartered in Cheboygan, MI, United States.
When was Citizens National Bank of Cheboygan founded?
It was established in 1931, per the FDIC institution directory.
Is Citizens National Bank of Cheboygan FDIC-insured?
Yes. It 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.
What is Citizens National Bank of Cheboygan's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 15.78% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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