First Bank, Upper Michigan: Regulatory Capital
Data as of · Call Report Schedule RC-R How we update
The regulatory capital stack and the risk-weighted assets it is measured against. A bank is well capitalized at 6.5% CET1, 8% Tier 1 and 10% total risk-based capital; the conservation buffer effectively lifts CET1 to 7%.
The largest change between Q1 2026 and Q2 2026 was in Accumulated other comprehensive income, which rose 5.5% to -$6.5M. First Bank, Upper Michigan ranks 15th of 43 Michigan banks on CET1 ratio, in the upper half at 15.96% (Q2 2026). First Bank, Upper Michigan reported 15.96% on CET1 ratio for Q2 2026, 0.89 points above the 15.07% median for banks in the $100M-1B asset tier.
Risk-based capital ratios
| Line item | Q2 2026 |
|---|---|
| Common equity Tier 1 ratio | 15.96% |
| Tier 1 risk-based capital ratio | 15.96% |
| Total risk-based capital ratio | 17.02% |
| Tier 1 leverage ratio | 12.68% |
The leverage ratio is measured against average total assets, not risk-weighted assets, so it will normally sit well below the risk-based ratios. Equal values would indicate a reporting error.
Capital amounts
| Line item | Q2 2026 |
|---|---|
| Common equity Tier 1 capital | $79.1M |
| Tier 1 capital | $79.1M |
| Total risk-based capital | $84.4M |
| Total equity capital | $83.5M |
| Risk-weighted assets | $495.6M |
Capital adequacy
| Line item | Q2 2026 |
|---|---|
| Equity capital to total assets | 13.26% |
| Tangible equity to tangible assets | 11.90% |
| Equity capital to average assets | 13.15% |
| Internal capital growth rate | 0.75% |
Capital structure
| Line item | Q2 2026 |
|---|---|
| Common stock | $200K |
| Common stock surplus | $30.4M |
| Retained earnings | $59.4M |
| Preferred stock and surplus | $0 |
| Accumulated other comprehensive income | -$6.5M |
| Subordinated notes and debentures | $0 |
Regulatory Capital trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Regulatory Capital by quarter
| Quarter | CET1 | Tier 1 RBC | Total RBC | Tier 1 leverage | Risk-weighted assets |
|---|---|---|---|---|---|
| Q3 2023 | 13.76% | 13.76% | 15.01% | 10.68% | $461.3M |
| Q4 2023 | 14.02% | 14.02% | 15.20% | 10.99% | $468.3M |
| Q1 2024 | 14.07% | 14.07% | 15.27% | 11.09% | $471.8M |
| Q2 2024 | 14.00% | 14.00% | 15.19% | 11.03% | $474.9M |
| Q3 2024 | 14.22% | 14.22% | 15.30% | 11.12% | $478.2M |
| Q4 2024 | 14.93% | 14.93% | 16.00% | 11.56% | $475.0M |
| Q1 2025 | 15.18% | 15.18% | 16.25% | 11.87% | $476.3M |
| Q2 2025 | 14.98% | 14.98% | 16.05% | 11.93% | $483.1M |
| Q3 2025 | 15.11% | 15.11% | 16.20% | 11.85% | $489.9M |
| Q4 2025 | 15.76% | 15.76% | 16.80% | 12.16% | $491.5M |
| Q1 2026 | 16.11% | 16.11% | 17.18% | 12.59% | $490.1M |
| Q2 2026 | 15.96% | 15.96% | 17.02% | 12.68% | $495.6M |
First Bank, Upper Michigan regulatory capital, all the way back
Regulatory Capital back to 2001 · peer percentiles on every line item · Excel export
Unlock First Bank, Upper Michigan, freeSource: Call Report Schedule RC-R, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full First Bank, Upper Michigan profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 14276) · FFIEC NIC profile (RSSD 239556)