The First National Bank of Wakefield
Also written as FNB of Wakefield
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Data as of · sourced from FFIEC call reports. How we update
The First National Bank of Wakefield is an FDIC-insured commercial bank headquartered in Wakefield, MI, established in 1910 (FDIC certificate 5076), and it is supervised by the OCC. At Q2 2026 it reported total assets of $52.6M, down 2.3% from Q2 2025, the 72nd largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 23.64% 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
- 5076
- Headquarters
- Wakefield, MI
- Established
- 1910
- Total assets, Q2 2026
- $52.6M
- Assets vs Q2 2025
- -2.3%
- CET1 ratio, Q2 2026
- 23.64%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091108746
- Latest call report
- Q2 2026, FFIEC 051 · The First National Bank of Wakefield Q3 2026 call report, filed October 6, 2026 (preliminary)
- Holding company
- WAKEFIELD BANCORPORATION, INC.
- Asset rank in state
- 72nd of 72 in Michigan
The First National Bank of Wakefield, based in Wakefield, Michigan, reported $53 million in assets at June 30, 2026, down 2.3% from a year earlier. It pays an average of 0.50% on its deposits and borrowings, about a third the median of 1.53% for the 533 banks with less than $100 million in assets. It also lost 2.9% of its deposits over the year, lower than about three-quarters of banks its size (median 2.5%).
Loans and deposits moved in opposite directions: over the year loans rose 2.3% and deposits fell 2.9%. Paper losses on its bond portfolio are shrinking: unrealized losses of $1.2 million equal 23% of Tier 1 capital, down from 31% a year earlier. Where it has less room is capital: it funds 10.15% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 12.81%).
As of June 30, 2026, The First National Bank of Wakefield reported a CET1 capital ratio of 23.64%, a return on assets of 0.68%, a nonperforming-loan ratio of 0.71% and a Texas ratio of 3.91%. The figures come from its call report filed with the FFIEC.
Of the 72 banks headquartered in Michigan, The First National Bank of Wakefield is the smallest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.2% to $52.6M, loans rose 2.7% and deposits fell 1.4%. 1-4 family residential loans made up 52.4% of its total loans on June 30, 2026, its largest category; next came auto loans at 17.1%. The FDIC Summary of Deposits lists 2 offices for it, in Wakefield, MI and Bessemer, MI; its Wakefield office books 66% of its branch deposits. By the capital ratios in its Q2 2026 call report, The First National Bank of Wakefield meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 401 Sunday Lake St, Wakefield, MI 49968
- County
- Gogebic
- 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
- January 1, 1910
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 14
- Domestic deposits
- $47.7M
- Allowance for credit losses
- $264K
- Net charge-offs (YTD)
- $5K
- Average total assets
- $52.6M
- Average total loans
- $21.4M
- Average interest-bearing deposits
- $31.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5076
- Fed RSSD
- 292850
- Website
- http://www.fnbwakefieldmi.com/ →
- Parent Holding Company
- WAKEFIELD BANCORPORATION, INC. (RSSD 1128321)
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
Over the 12 quarters to Q2 2026, The First National Bank of Wakefield's total assets ran between $52.6M (Q2 2026) and $56.7M (Q3 2023), 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
$52.6M total assets against $53.9M; $47.8M total liabilities against $49.3M.
$21.5M net loans and leases against $21.0M; $47.7M total deposits against $49.1M.
$26.1M securities against $25.4M; $4.0M cash and balances due against $6.2M.
$600K total interest income against $570K; $60K total interest expense against $65K.
$540K net interest income against $505K.
$44K total noninterest income against $43K; $472K total noninterest expense against $449K.
$0 provision for credit losses against $0.
$90K net income against $87K.
0.68% return on assets against 0.65%; 4.26% net interest margin against 3.94%.
23.64% CET1 capital ratio against 23.16%; 10.15% tier 1 leverage ratio against 9.81%.
Inside the full The First National Bank of Wakefield 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.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
The First National Bank of Wakefield rankings
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.32% (Q4 2025) to 0.68% (Q2 2026) and its net interest margin ran from 3.66% (Q3 2024) to 4.26% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 23.64% | 0.68% | 0.71% | 3.91% | 4.26% |
| Q1 2026 | 23.72% | 0.59% | 1.03% | 5.24% | 4.16% |
| Q4 2025 | 23.51% | 0.32% | 0.89% | 4.64% | 4.23% |
| Q3 2025 | 23.43% | 0.68% | 0.86% | 5.22% | 4.03% |
| Q2 2025 | 23.16% | 0.65% | 0.71% | 4.20% | 3.94% |
| Q1 2025 | 23.09% | 0.60% | 0.41% | 1.81% | 3.84% |
| Q4 2024 | 23.38% | 0.35% | 0.91% | 4.29% | 3.68% |
| Q3 2024 | 22.39% | 0.50% | 1.12% | 5.24% | 3.66% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 Wakefield | Wakefield , MI | 49968 | $31.4M |
| Bessemer Branch | Bessemer , MI | 49911 | $16.3M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 4 against individuals associated with it
- Period: Most recent action July 17, 1991. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MI, rank 93 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Mortgage lending (HMDA), SBA 7(a) lending, 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 Wakefield
What are The First National Bank of Wakefield's total assets?
As of the Q2 2026 filing, The First National Bank of Wakefield reported total assets of $52.6 million in its FFIEC call report.
Where is The First National Bank of Wakefield headquartered?
It is headquartered in Wakefield, MI, United States.
When was The First National Bank of Wakefield founded?
It was established in 1910, per the FDIC institution directory.
Is The First National Bank of Wakefield FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5076). 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 Wakefield?
The First National Bank of Wakefield's primary federal regulator is the OCC.
What is The First National Bank of Wakefield's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 23.64% 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 Wakefield operate?
It operates 2 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 Wakefield's Texas Ratio?
Its Texas Ratio is 3.91% 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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