First National Bank & Trust
Also written as FNB&T
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Data as of · sourced from FFIEC call reports. How we update
First National Bank & Trust is an FDIC-insured commercial bank headquartered in Iron Mountain, MI, established in 1887 (FDIC certificate 5062), and it is supervised by the OCC. At Q2 2026 it reported total assets of $386.4M, down 2.7% from Q2 2025, the 44th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 15.32% 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
- 5062
- Headquarters
- Iron Mountain, MI
- Established
- 1887
- Total assets, Q2 2026
- $386.4M
- Assets vs Q2 2025
- -2.7%
- CET1 ratio, Q2 2026
- 15.32%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 091101730
- Latest call report
- Q2 2026, FFIEC 051 · First National Bank & Trust call report
- Holding company
- FNB BANCSHARES, INC.
- Asset rank in state
- 44th of 72 in Michigan
First National Bank & Trust, based in Iron Mountain, Michigan, reported $386 million in assets at June 30, 2026, down 2.7% from a year earlier. It carries problem assets equal to 16.5% of the capital and reserves that would absorb them, 6.2 times the median of 2.7% for the 2,627 banks with $100 million to $1 billion in assets. On the other hand, it pays an average of 1.06% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 3.02% of loans, down from 3.83% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 7.9% and deposits fell 1.4%. Where it has less room is capital: it funds 9.48% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, First National Bank & Trust reported a CET1 capital ratio of 15.32%, a return on assets of 0.83%, a nonperforming-loan ratio of 3.22% and a Texas ratio of 16.54%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First National Bank & Trust is the 44th largest of the 72 banks headquartered in Michigan. Between Q1 2026 and Q2 2026, its total assets fell 6.6% to $386.4M, loans rose 5.4% and deposits fell 5.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 30.6% of total loans, ahead of owner-occupied commercial real estate loans at 23.4%. Its 7 offices in the FDIC Summary of Deposits are in 5 cities in MI; its Iron Mountain 2 offices book 72% of its branch deposits. By the capital ratios in its Q2 2026 call report, First National Bank & Trust meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 233 S Stephenson Ave, Iron Mountain, MI 49801
- County
- Dickinson
- Metro Area
- Iron Mountain, MI-WI
- 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1887
- Former names
- First National Bank & Trust Co. (2022); The First National Bank & Trust Company of Iron Mountain (2002-2022)
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 67
- Domestic deposits
- $337.6M
- Allowance for credit losses
- $5.0M
- Net charge-offs (YTD)
- $11K
- Average total assets
- $408.2M
- Average total loans
- $215.5M
- Average interest-bearing deposits
- $239.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5062
- Fed RSSD
- 251558
- Website
- www.fnbimk.com →
- Parent Holding Company
- FNB BANCSHARES, INC. (RSSD 1416671)
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 National Bank & Trust's total assets moved between a low of $386.4M (Q2 2026) and a high of $425.0M (Q4 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
$386.4M total assets against $397.3M; $349.4M total liabilities against $365.2M.
$216.7M net loans and leases against $201.6M; $337.6M total deposits against $342.5M.
$131.9M securities against $163.2M; $15.3M cash and balances due against $11.4M.
$4.7M total interest income against $4.1M; $957K total interest expense against $937K.
$3.7M net interest income against $3.2M.
$1.1M total noninterest income against $1.0M; $3.2M total noninterest expense against $3.2M.
$450K provision for credit losses against $150K.
$850K net income against $640K.
0.83% return on assets against 0.62%; 3.89% net interest margin against 3.31%.
15.32% CET1 capital ratio against 14.49%; 9.48% tier 1 leverage ratio against 8.90%.
Inside the full First National Bank & Trust 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
First National Bank & Trust rankings
Its closest position to the top of a national ranking is 258 of 3,640, for Texas Ratio; its furthest is 2,832 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.45% (Q4 2024) to 0.86% (Q3 2025) and its net interest margin ran from 3.02% (Q4 2024) to 3.89% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.32% | 0.83% | 3.22% | 16.54% | 3.89% |
| Q1 2026 | 15.39% | 0.82% | 3.41% | 17.87% | 3.63% |
| Q4 2025 | 14.81% | 0.84% | 3.54% | 18.74% | 3.67% |
| Q3 2025 | 14.63% | 0.86% | 3.41% | 19.14% | 3.42% |
| Q2 2025 | 14.49% | 0.62% | 4.04% | 23.66% | 3.31% |
| Q1 2025 | 14.45% | 0.54% | 3.48% | 19.47% | 3.12% |
| Q4 2024 | 14.38% | 0.45% | 3.52% | 21.39% | 3.02% |
| Q3 2024 | 13.68% | 0.56% | 3.42% | 20.34% | 3.04% |
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 |
|---|---|---|---|
| First National Bank & Trust Co. | Iron Mountain , MI | 49801 | $224.0M |
| Kingsford Branch | Kingsford , MI | 49802 | $42.2M |
| Iron River Branch | Iron River , MI | 49935 | $31.7M |
| North Menomine Branch | Menominee , MI | 49858 | $22.2M |
| South Branch | Iron Mountain , MI | 49801 | $17.6M |
| First National Trust & Wealth Management Branch | Marquette , MI | 49855 | $0 |
| Marquette Trust Office | Marquette , MI | 49855 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MI, rank 58 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $498K approved, $249K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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
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Frequently asked about First National Bank & Trust
What are First National Bank & Trust's total assets?
As of the Q2 2026 filing, First National Bank & Trust reported total assets of $386.4 million in its FFIEC call report.
Where is First National Bank & Trust headquartered?
It is headquartered in Iron Mountain, MI, United States.
When was First National Bank & Trust founded?
It was established in 1887, per the FDIC institution directory.
Is First National Bank & Trust FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5062). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First National Bank & Trust?
First National Bank & Trust's primary federal regulator is the OCC.
What is First National Bank & Trust's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.32% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First National Bank & Trust 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 First National Bank & Trust's Texas Ratio?
Its Texas Ratio is 16.54% 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 National Bank & Trust previously called?
The charter now named First National Bank & Trust has also operated as First National Bank & Trust Co. (2022), The First National Bank & Trust Company of Iron Mountain (2002-2022), per FDIC structure-change records.
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