The First National Bank of Saint Ignace
Also written as FNB of Saint Ignace
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Data as of · sourced from FFIEC call reports. How we update
The First National Bank of Saint Ignace is an FDIC-insured commercial bank headquartered in Saint Ignace, MI, established in 1888 (FDIC certificate 5074), and it is supervised by the OCC. At Q2 2026 it reported total assets of $335.8M, up 4.4% from Q2 2025, the 46th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 16.19% 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
- 5074
- Headquarters
- Saint Ignace, MI
- Established
- 1888
- Total assets, Q2 2026
- $335.8M
- Assets vs Q2 2025
- +4.4%
- CET1 ratio, Q2 2026
- 16.19%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 091108539
- Latest call report
- Q2 2026, FFIEC 051 · The First National Bank of Saint Ignace Q3 2026 call report, filed October 22, 2026 (preliminary)
- Holding company
- MACKINAC NATIONAL BANCORP, INC.
- Asset rank in state
- 46th of 72 in Michigan
The First National Bank of Saint Ignace, based in Saint Ignace, Michigan, reported $336 million in assets at June 30, 2026, up 4.4% from a year earlier. It keeps 2.91 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,627 banks with $100 million to $1 billion in assets (median 3.96 cents). It also funds 7.78% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.99%).
Its $27 million non-owner-occupied commercial real estate book is now fully current, after 3.17% of it was past due or on nonaccrual a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $10 million equal 40% of Tier 1 capital, down from 55% a year earlier. Profitability lags: it earns about $0.64 a year on every $100 of assets, about half the median of $1.28 for banks its size.
As of June 30, 2026, The First National Bank of Saint Ignace reported a CET1 capital ratio of 16.19%, a return on assets of 0.64%, a nonperforming-loan ratio of 0.65% and a Texas ratio of 3.94%. The figures come from its call report filed with the FFIEC.
The First National Bank of Saint Ignace ranks as the 46th largest of the 72 banks based in Michigan, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.4% to $335.8M, loans rose 1.0% and deposits rose 0.4%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 24.9% of total loans, ahead of non-owner-occupied commercial real estate loans at 24.3%. The FDIC Summary of Deposits lists 7 offices for it, in 6 cities in MI; its St. Ignace 2 offices book 48% of its branch deposits. On its Q2 2026 call report, The First National Bank of Saint Ignace meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 132 N State St, Saint Ignace, MI 49781
- County
- Mackinac
- 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 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 17, 1888
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 60
- Domestic deposits
- $316.3M
- Allowance for credit losses
- $861K
- Net charge-offs (YTD)
- $94K
- Average total assets
- $329.8M
- Average total loans
- $111.2M
- Average interest-bearing deposits
- $233.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5074
- Fed RSSD
- 381950
- Website
- www.fnbsi.com →
- Parent Holding Company
- MACKINAC NATIONAL BANCORP, INC. (RSSD 5140929)
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
The First National Bank of Saint Ignace's total assets moved between a low of $302.9M (Q1 2024) and a high of $364.8M (Q3 2025) from Q3 2023 to Q2 2026, and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$335.8M total assets against $321.8M; $318.2M total liabilities against $308.5M.
$111.1M net loans and leases against $103.7M; $316.3M total deposits against $307.2M.
$165.8M securities against $167.1M; $41.7M cash and balances due against $34.3M.
$3.2M total interest income against $2.4M; $837K total interest expense against $873K.
$2.3M net interest income against $1.5M.
$313K total noninterest income against $337K; $2.0M total noninterest expense against $1.9M.
$0 provision for credit losses against $0.
$528K net income against $10K.
0.64% return on assets against 0.01%; 2.91% net interest margin against 1.99%.
16.19% CET1 capital ratio against 15.58%; 7.78% tier 1 leverage ratio against 7.71%.
Inside the full The First National Bank of Saint Ignace terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe First National Bank of Saint Ignace rankings
Its closest position to the top of a national ranking is 681 of 2,134, for CET1 ratio; its furthest is 3,096 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.24% (Q4 2025) to 0.64% (Q2 2026) and its net interest margin ran from 1.73% (Q1 2025) to 2.91% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.19% | 0.64% | 0.65% | 3.94% | 2.91% |
| Q1 2026 | 16.03% | 0.63% | 0.04% | 0.24% | 2.91% |
| Q4 2025 | 16.01% | -0.24% | 0.74% | 4.22% | 2.45% |
| Q3 2025 | 16.42% | 0.23% | 0.00% | 0.00% | 2.37% |
| Q2 2025 | 15.58% | 0.01% | 0.45% | 3.34% | 1.99% |
| Q1 2025 | 15.33% | -0.03% | 0.00% | 2.88% | 1.73% |
| Q4 2024 | 16.65% | 0.38% | 0.27% | 5.55% | 2.28% |
| Q3 2024 | 16.47% | -0.01% | 0.19% | 4.33% | 1.96% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 |
|---|---|---|---|
| The First National Bank of St. Ignace | St. Ignace , MI | 49781 | $151.9M |
| Mackinac Island Branch | Mackinac Island , MI | 49757 | $60.6M |
| Newberry Branch | Newberry , MI | 49868 | $47.9M |
| Cedarville Branch | Cedarville , MI | 49719 | $35.4M |
| West Mackinac Branch | Naubinway , MI | 49762 | $20.4M |
| North Bay Branch | St. Ignace , MI | 49781 | $0 |
| Moran Township Branch | Saint Ignace , MI | 49781 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (OCC)
- January 19, 2024, OCC: Formal Agreement: The First National Bank of St. Ignace
- September 11, 2007, OCC: Formal Agreement: The First National Bank of St. Ignace
- Period: Most recent institution action January 19, 2024. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in MI, rank 59 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $193K approved, $96K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2005 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 The First National Bank of Saint Ignace
What are The First National Bank of Saint Ignace's total assets?
As of the Q2 2026 filing, The First National Bank of Saint Ignace reported total assets of $335.8 million in its FFIEC call report.
Where is The First National Bank of Saint Ignace headquartered?
It is headquartered in Saint Ignace, MI, United States.
When was The First National Bank of Saint Ignace founded?
It was established in 1888, per the FDIC institution directory.
Is The First National Bank of Saint Ignace FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5074). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The First National Bank of Saint Ignace?
The First National Bank of Saint Ignace's primary federal regulator is the OCC.
What is The First National Bank of Saint Ignace's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.19% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The First National Bank of Saint Ignace operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The First National Bank of Saint Ignace's Texas Ratio?
Its Texas Ratio is 3.94% 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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