First Community Bank (Harbor Springs, MI)
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Data as of · sourced from FFIEC call reports. How we update
First Community Bank is an FDIC-insured commercial bank headquartered in Harbor Springs, MI, established in 1905 (FDIC certificate 13179), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $413.6M, up 2.2% from Q2 2025, the 41st largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 11.96% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 13179
- Headquarters
- Harbor Springs, MI
- Established
- 1905
- Total assets, Q2 2026
- $413.6M
- Assets vs Q2 2025
- +2.2%
- CET1 ratio, Q2 2026
- 11.96%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 072406771
- Holding company
- HARBOR SPRINGS FINANCIAL CORPORATION
- Asset rank in state
- 41st of 72 in Michigan
First Community Bank earns an unusually wide margin on its lending. It reported $414 million in assets at June 30, 2026, up 2.2% from a year earlier. It keeps 5.42 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also pays an average of 0.87% on its deposits and borrowings, about half the median of 1.80% for banks its size.
Net income for the quarter rose 18% from a year earlier, to $2.0 million. Delinquency has appeared in its $38 million commercial and industrial book: 1.04% of those loans are past due or on nonaccrual, against almost none a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.7 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, First Community Bank reported a CET1 capital ratio of 11.96%, a return on assets of 1.92%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Community Bank is the 41st largest of the 72 banks headquartered in Michigan. From Q1 2026 to Q2 2026, its total assets fell 0.1% to $413.6M, loans fell 0.6% and deposits rose 0.7%. Its loan book on June 30, 2026 was led by owner-occupied commercial real estate loans, at 33.5% of total loans, followed by non-owner-occupied commercial real estate loans at 24.5%. The FDIC Summary of Deposits lists 10 offices for it, in 6 cities in MI; its Harbor Springs 3 offices book 41% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Community Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 200 E Main St, Harbor Springs, MI 49740
- County
- Emmet
- Metro Area
- Petoskey, MI
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 051
- Established
- November 1, 1905
- Former names
- Harbor Springs State Bank (1976-1993); The Emmet County State Bank (1974-1976)
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 69
- Domestic deposits
- $358.3M
- Allowance for credit losses
- $3.9M
- Net charge-offs (YTD)
- $0
- Average total assets
- $412.7M
- Average total loans
- $339.4M
- Average interest-bearing deposits
- $212.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 13179
- Fed RSSD
- 932745
- Website
- www.firstcb.com →
- Parent Holding Company
- HARBOR SPRINGS FINANCIAL CORPORATION (RSSD 1208102)
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 Community Bank's total assets moved between a low of $391.2M (Q4 2024) and a high of $420.4M (Q3 2023) 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
$413.6M total assets against $404.7M; $373.3M total liabilities against $365.1M.
$335.4M net loans and leases against $322.0M; $358.3M total deposits against $348.5M.
$38.4M securities against $45.8M; $13.4M cash and balances due against $13.9M.
$6.0M total interest income against $5.7M; $811K total interest expense against $1.0M.
$5.2M net interest income against $4.6M.
$429K total noninterest income against $419K; $3.7M total noninterest expense against $3.4M.
$0 provision for credit losses against $0.
$2.0M net income against $1.7M.
1.92% return on assets against 1.67%; 5.42% net interest margin against 4.90%.
11.96% CET1 capital ratio against 12.34%; 9.93% tier 1 leverage ratio against 10.11%.
Inside the full First Community Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
First Community Bank rankings
Its closest position to the top of a national ranking is 586 of 3,611, for ROA; its furthest is 3,431 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.64% (Q1 2025) to 2.16% (Q4 2025) and its net interest margin ran from 4.90% (Q2 2025) to 5.42% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.96% | 1.92% | 0.00% | 0.00% | 5.42% |
| Q1 2026 | 11.85% | 1.88% | 0.00% | 0.00% | 5.39% |
| Q4 2025 | 12.20% | 2.16% | 0.00% | 0.00% | 5.31% |
| Q3 2025 | 12.28% | 1.94% | 0.00% | 0.00% | 5.28% |
| Q2 2025 | 12.34% | 1.67% | 0.00% | 0.00% | 4.90% |
| Q1 2025 | 12.58% | 1.64% | 0.00% | 0.00% | 5.03% |
| Q4 2024 | 12.26% | 2.02% | 0.00% | 0.00% | 5.22% |
| Q3 2024 | 12.44% | 2.04% | 0.00% | 0.00% | 5.12% |
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 |
|---|---|---|---|
| First Community Bank (main office) | Harbor Springs , MI | 49740 | $146.2M |
| Petoskey Main Office | Petoskey , MI | 49770 | $63.7M |
| Traverse City Main Branch | Traverse City , MI | 49684 | $62.9M |
| Grand Rapids Cascade Branch | Grand Rapids , MI | 49546 | $49.1M |
| Cheboygan Main Office Branch | Cheboygan , MI | 49721 | $20.1M |
| Birmingham Branch | Birmingham , MI | 48009 | $16.3M |
| Petoskey Division St Branch | Petoskey , MI | 49770 | $0 |
| Harbor Springs Lake St Branch | Harbor Springs , MI | 49740 | $0 |
| Petoskey Spring Street Branch | Petoskey , MI | 49770 | $0 |
| Harbor Springs Airport Branch | Harbor Springs , MI | 49740 | $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, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 1, 2012 | Structure Change | Acquired Select 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 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MI, rank 56 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 27 applications, 23 loans originated, $9.6M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $348K approved, $174K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2015 (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
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Frequently asked about First Community Bank
What are First Community Bank's total assets?
As of the Q2 2026 filing, First Community Bank reported total assets of $413.6 million in its FFIEC call report.
Where is First Community Bank headquartered?
It is headquartered in Harbor Springs, MI, United States.
When was First Community Bank founded?
It was established in 1905, per the FDIC institution directory.
Is First Community Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13179). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Community Bank?
First Community Bank's primary federal regulator is the Federal Reserve.
What is First Community Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.96% in its Q2 2026 call report, above regulatory requirements.
How many branches does First Community Bank 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 First Community Bank's Texas Ratio?
Its Texas Ratio is 0.00% 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 Community Bank previously called?
The charter now named First Community Bank has also operated as Harbor Springs State Bank (1976-1993), The Emmet County State Bank (1974-1976), per FDIC structure-change records.
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