Commercial Bank (Ithaca, MI)
BankRegReports is independent of Commercial Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Commercial Bank is an FDIC-insured commercial bank headquartered in Ithaca, MI, established in 1962 (FDIC certificate 18584), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $552.7M, up 0.2% from Q2 2025, the 30th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 17.40% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 18584
- Headquarters
- Ithaca, MI
- Established
- 1962
- Total assets, Q2 2026
- $552.7M
- Assets vs Q2 2025
- +0.2%
- CET1 ratio, Q2 2026
- 17.40%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 072403554
- Latest call report
- Q2 2026, FFIEC 051 · Commercial Bank call report
- Holding company
- COMMERCIAL NATIONAL FINANCIAL CORPORATION
- Asset rank in state
- 30th of 72 in Michigan
Commercial Bank, based in Ithaca, Michigan, reported $553 million in assets at June 30, 2026. It pays an average of 0.79% on its deposits and borrowings, about half the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also shrank its loan book 4.4% over the year, lower than about 9 in 10 banks its size (median 5.5%).
As of June 30, 2026, Commercial Bank reported a CET1 capital ratio of 17.40%, a return on assets of 1.26%, a nonperforming-loan ratio of 0.39% and a Texas ratio of 2.37%. The figures come from its call report filed with the FFIEC.
Commercial Bank ranks as the 30th largest of the 72 banks based in Michigan, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 2.1% to $552.7M, loans rose 0.7% and deposits fell 3.8%. 1-4 family residential loans made up 40.7% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 20.7%. Its 10 offices in the FDIC Summary of Deposits are in 9 cities in MI; its Ithaca office books 33% of its branch deposits. By the capital ratios in its Q2 2026 call report, Commercial Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 101 N Pine River St, Ithaca, MI 48847
- County
- Gratiot
- Metro Area
- Alma, MI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- August 29, 1962
- Former names
- Commercial National Bank (1983-1992); Central National Bank of Alma (1971-1983)
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 99
- Domestic deposits
- $475.2M
- Allowance for credit losses
- $3.3M
- Net charge-offs (YTD)
- $13K
- Average total assets
- $561.0M
- Average total loans
- $366.0M
- Average interest-bearing deposits
- $457.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 29, 1962
- FDIC Cert
- 18584
- Fed RSSD
- 513340
- SEC CIK
- 828535 → filed by COMMERCIAL NATIONAL FINANCIAL CORPORATION
- Website
- www.commercial-bank.com →
- Parent Holding Company
- COMMERCIAL NATIONAL FINANCIAL CORPORATION (RSSD 1249299)
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
From Q3 2023 to Q2 2026, Commercial Bank's total assets ranged from $547.2M (Q3 2025) to $591.2M (Q1 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
$552.7M total assets against $551.6M; $495.8M total liabilities against $496.4M.
$363.7M net loans and leases against $380.3M; $475.2M total deposits against $489.8M.
$113.6M securities against $76.6M; $37.6M cash and balances due against $56.5M.
$6.4M total interest income against $6.5M; $1.2M total interest expense against $1.4M.
$5.3M net interest income against $5.1M.
$568K total noninterest income against $521K; $3.7M total noninterest expense against $3.5M.
-$6K provision for credit losses against -$34K.
$1.8M net income against $1.7M.
1.26% return on assets against 1.23%; 4.08% net interest margin against 3.89%.
17.40% CET1 capital ratio against 16.50%; 10.89% tier 1 leverage ratio against 10.63%.
Inside the full Commercial Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCommercial Bank rankings
Its closest position to the top of a national ranking is 545 of 2,134, for CET1 ratio; its furthest is 2,144 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.09% (Q3 2024) to 1.42% (Q4 2024) and its net interest margin ran from 3.64% (Q3 2024) to 4.16% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.40% | 1.26% | 0.39% | 2.37% | 4.08% |
| Q1 2026 | 17.62% | 1.27% | 0.22% | 1.40% | 4.02% |
| Q4 2025 | 17.32% | 1.36% | 0.25% | 1.61% | 4.16% |
| Q3 2025 | 16.79% | 1.38% | 0.38% | 2.51% | 4.09% |
| Q2 2025 | 16.50% | 1.23% | 0.39% | 2.70% | 3.89% |
| Q1 2025 | 16.22% | 1.11% | 0.46% | 3.22% | 3.77% |
| Q4 2024 | 16.05% | 1.42% | 0.33% | 2.82% | 3.82% |
| Q3 2024 | 15.41% | 1.09% | 0.24% | 2.17% | 3.64% |
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 |
|---|---|---|---|
| Commercial Bank (main office) | Ithaca , MI | 48847 | $157.2M |
| Wright Avenue Branch | Alma , MI | 48801 | $68.3M |
| Mason State Branch | Mason , MI | 48854 | $53.5M |
| Okemos Branch | Okemos , MI | 48864 | $40.2M |
| Greenville West Branch | Greenville , MI | 48838 | $39.3M |
| St. Louis Branch | Saint Louis , MI | 48880 | $37.6M |
| Hastings Branch | Hastings , MI | 49058 | $33.9M |
| Middleton Branch | Middleton , MI | 48856 | $32.4M |
| Cedar Street Branch | Mason , MI | 48854 | $7.3M |
| Grand Rapids Branch | Grand Rapids , MI | 49534 | $5.2M |
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 |
|---|---|---|---|
| January 1, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2017 | Structure Change | Acquired Mason State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 17, 2010 | Structure Change | Acquired MainStreet Savings Bank, FSB Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| July 16, 2010 | Merger | Participated in FDIC Assisted Merger | FDIC |
| September 30, 1983 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 30, 1983 | Structure Change | Acquired Commercial National 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 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MI, rank 43 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 51 applications, 21 loans originated, $5.6M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $1.8M approved, $1.8M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Commercial Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Commercial Bank
What are Commercial Bank's total assets?
As of the Q2 2026 filing, Commercial Bank reported total assets of $552.7 million in its FFIEC call report.
Where is Commercial Bank headquartered?
It is headquartered in Ithaca, MI, United States.
When was Commercial Bank founded?
It was established in 1962, per the FDIC institution directory.
Is Commercial Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18584). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Commercial Bank?
Commercial Bank's primary federal regulator is the FDIC.
What is Commercial Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 17.40% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Commercial Bank operate?
It operates 11 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Commercial Bank's Texas Ratio?
Its Texas Ratio is 2.37% 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.
What was Commercial Bank previously called?
The charter now named Commercial Bank has also operated as Commercial National Bank (1983-1992), Central National Bank of Alma (1971-1983), per FDIC structure-change records.
Go deeper on Commercial Bank.
Get an email when Commercial Bank files its next call report, and benchmark it against any peer you choose.
Unlock Commercial Bank, freeFree account