First Bank, Upper Michigan
BankRegReports is independent of First Bank, Upper Michigan and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
First Bank, Upper Michigan is an FDIC-insured commercial bank headquartered in Gladstone, MI, established in 1916 (FDIC certificate 14276), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $629.5M, up 1.7% from Q2 2025, the 25th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 15.96% 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
- 14276
- Headquarters
- Gladstone, MI
- Established
- 1916
- Total assets, Q2 2026
- $629.5M
- Assets vs Q2 2025
- +1.7%
- CET1 ratio, Q2 2026
- 15.96%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 091109994
- Holding company
- FIRST BANCSHARES CORPORATION
- Asset rank in state
- 25th of 72 in Michigan
First Bank, Upper Michigan is one of the more profitable banks of its size. Based in Gladstone, Michigan, it had $629 million in assets at June 30, 2026, up 1.7% from a year earlier. It earns about $2.10 a year on every $100 of assets, higher than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median $1.28).
Net income for the quarter rose 20% from a year earlier, to $3.3 million.
As of June 30, 2026, First Bank, Upper Michigan reported a CET1 capital ratio of 15.96%, a return on assets of 2.10%, a nonperforming-loan ratio of 0.63% and a Texas ratio of 3.66%. The figures come from its call report filed with the FFIEC.
Of the 72 banks headquartered in Michigan, First Bank, Upper Michigan is the 25th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 0.4% to $629.5M, loans rose 1.2% and deposits fell 0.7%. The largest part of its loan book on June 30, 2026 was owner-occupied commercial real estate loans, at 31.5% of total loans, ahead of 1-4 family residential loans at 29.8%. Its 9 offices in the FDIC Summary of Deposits are in 8 cities in MI; its Escanaba 2 offices book 34% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Bank, Upper Michigan meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1400 Delta Ave, Gladstone, MI 49837
- County
- Delta
- Metro Area
- Escanaba, 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 9, Minneapolis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- August 14, 1916
- Former names
- First Bank, Upper Michigan, National Association (1989-1993)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 122
- Domestic deposits
- $528.3M
- Allowance for credit losses
- $5.1M
- Net charge-offs (YTD)
- $169K
- Average total assets
- $634.9M
- Average total loans
- $448.1M
- Average interest-bearing deposits
- $429.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 23, 1934
- FDIC Cert
- 14276
- Fed RSSD
- 239556
- Website
- www.first-bank.com →
- Parent Holding Company
- FIRST BANCSHARES CORPORATION (RSSD 1978414)
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
First Bank, Upper Michigan's total assets moved between a low of $587.5M (Q3 2023) and a high of $642.8M (Q3 2025) from Q3 2023 to Q2 2026, 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
$629.5M total assets against $619.1M; $546.0M total liabilities against $544.3M.
$446.1M net loans and leases against $433.5M; $528.3M total deposits against $517.8M.
$101.8M securities against $112.4M; $31.9M cash and balances due against $30.1M.
$8.6M total interest income against $8.1M; $2.3M total interest expense against $2.3M.
$6.3M net interest income against $5.8M.
$2.0M total noninterest income against $1.8M; $4.8M total noninterest expense against $4.7M.
$137K provision for credit losses against $129K.
$3.3M net income against $2.8M.
2.10% return on assets against 1.79%; 4.37% net interest margin against 4.10%.
15.96% CET1 capital ratio against 14.98%; 12.68% tier 1 leverage ratio against 11.93%.
Inside the full First Bank, Upper Michigan terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Bank, Upper Michigan rankings
Its closest position to the top of a national ranking is 397 of 3,611, for ROA; its furthest is 1,667 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.66% (Q1 2025) to 2.10% (Q2 2026) and its net interest margin ran from 3.79% (Q4 2024) to 4.37% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.96% | 2.10% | 0.63% | 3.66% | 4.37% |
| Q1 2026 | 16.11% | 1.93% | 0.52% | 3.00% | 4.23% |
| Q4 2025 | 15.76% | 2.06% | 0.55% | 3.16% | 4.19% |
| Q3 2025 | 15.11% | 1.96% | 0.63% | 3.88% | 4.17% |
| Q2 2025 | 14.98% | 1.79% | 0.56% | 3.63% | 4.10% |
| Q1 2025 | 15.18% | 1.66% | 0.68% | 4.42% | 3.95% |
| Q4 2024 | 14.93% | 1.78% | 0.59% | 4.08% | 3.79% |
| Q3 2024 | 14.22% | 1.73% | 0.59% | 4.17% | 3.81% |
Swipe the table sideways to see every column.
Branch Network
View all 9 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 |
|---|---|---|---|
| 1502 W Washington Branch | Marquette , MI | 49855 | $132.3M |
| Escanaba Branch | Escanaba , MI | 49829 | $101.5M |
| Escanaba Branch | Escanaba , MI | 49829 | $76.7M |
| First Bank, Upper Michigan (main office) | Gladstone , MI | 49837 | $73.7M |
| 600 S Carpenter Branch | Kingsford , MI | 49802 | $67.9M |
| Iron Mountain Branch | Iron Mountain , MI | 49801 | $27.9M |
| Bark River Branch | Bark River , MI | 49807 | $19.0M |
| Palms Avenue Branch | Ishpeming , MI | 49849 | $14.7M |
| Garden Branch | Garden , MI | 49835 | $14.6M |
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 |
|---|---|---|---|
| November 4, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 4, 2017 | Structure Change | Acquired Northern Michigan Bank & Trust 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 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MI, rank 39 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $777K approved, $777K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (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
Add this badge to your website
Free to use. It shows First Bank, Upper Michigan’s latest filed figures and updates each quarter.
Similar banks
Compare First Bank, Upper Michigan with peers
Frequently asked about First Bank, Upper Michigan
What are First Bank, Upper Michigan's total assets?
As of the Q2 2026 filing, First Bank, Upper Michigan reported total assets of $629.5 million in its FFIEC call report.
Where is First Bank, Upper Michigan headquartered?
It is headquartered in Gladstone, MI, United States.
When was First Bank, Upper Michigan founded?
It was established in 1916, per the FDIC institution directory.
Is First Bank, Upper Michigan FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14276). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Bank, Upper Michigan?
First Bank, Upper Michigan's primary federal regulator is the FDIC.
What is First Bank, Upper Michigan's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.96% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Bank, Upper Michigan operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Bank, Upper Michigan's Texas Ratio?
Its Texas Ratio is 3.66% 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 First Bank, Upper Michigan previously called?
The charter now named First Bank, Upper Michigan has also operated as First Bank, Upper Michigan, National Association (1989-1993), per FDIC structure-change records.
Go deeper on First Bank, Upper Michigan.
Get an email when First Bank, Upper Michigan files its next call report, and benchmark it against any peer you choose.
Unlock First Bank, Upper Michigan, freeFree account