Financial strength ranking · Michigan · Call Report data as of Q2 2026

Best Banks in Michigan by Financial Strength

Bank of Ann Arbor ranks first among the 65 banks headquartered in Michigan we score, with a financial strength score of 77.1 out of 100 as of June 30, 2026. The score averages each bank's national percentile on four Call Report ratios: return on assets, efficiency ratio, Tier 1 leverage ratio and nonperforming assets ratio.

Ranked first: Bank of Ann Arbor
Its score: 77.1 of 100
Banks scored in Michigan: 65
Its return on assets: 2.09%

Every scored bank in Michigan

Select a column heading to sort. Score is 0 to 100, where 100 would be the best US bank on all four ratios; ratios for Q2 2026.

Banks headquartered in Michigan ranked by financial strength score, with total assets, return on assets, efficiency ratio, Tier 1 leverage ratio and nonperforming assets ratio.

1	Bank of Ann Arbor Ann Arbor	77.1	2.09%	44.26%	13.17%	0.27%	$3.50B
2	Macatawa Bank, N.A. Holland	72.0	1.61%	32.86%	10.74%	0.07%	$3.69B
3	Alden State Bank Alden	71.7	1.82%	49.43%	12.71%	0.27%	$318.4M
4	Tri-County Bank Brown City	70.8	2.31%	40.22%	13.56%	1.05%	$638.6M
5	Mercantile Bank Grand Rapids	70.4	1.70%	53.14%	11.61%	0.07%	$6.24B
6	Charlevoix State Bank Charlevoix	67.7	2.58%	54.99%	10.41%	0.12%	$248.3M
7	Eastern Michigan Bank Croswell	67.3	1.46%	48.09%	11.99%	0.22%	$553.6M
8	Central Savings Bank Sault Sainte Marie	65.9	1.80%	41.97%	9.54%	0.11%	$516.8M
9	Century Bank and Trust Coldwater	65.2	1.76%	57.22%	14.59%	0.50%	$494.0M
10	First Bank, Upper Michigan Gladstone	64.8	2.10%	57.72%	12.68%	0.46%	$629.5M
11	Range Bank Marquette	64.7	1.60%	57.91%	10.84%	0.02%	$604.1M
12	Sidney State Bank Sidney	63.4	1.90%	51.35%	9.65%	0.11%	$138.7M
13	Citizens State Bank Royal Oak	62.5	1.84%	38.91%	8.58%	0.14%	$581.0M
14	Lake-Osceola State Bank Baldwin	62.0	1.42%	60.05%	12.53%	0.14%	$469.4M
15	Capitol National Bank Lansing	61.4	1.83%	57.51%	16.74%	1.22%	$209.3M
16	Thumb Bank & Trust Pigeon	61.2	1.64%	54.05%	9.44%	0.02%	$673.3M
17	First Community Bank Harbor Springs	61.2	1.92%	64.99%	9.93%	0.00%	$413.6M
18	United Bank of Michigan Grand Rapids	58.1	1.44%	60.70%	10.61%	0.05%	$1.06B
19	Chelsea State Bank Chelsea	57.6	1.86%	58.61%	12.76%	0.96%	$416.5M
20	Upper Peninsula State Bank Escanaba	56.3	1.55%	57.95%	13.42%	0.90%	$371.7M
21	1st State Bank Saginaw	55.5	1.33%	61.66%	12.27%	0.31%	$490.1M
22	First National Bank of America East Lansing	51.6	2.87%	26.30%	8.13%	1.87%	$6.82B
23	Bay Port State Bank Bay Port	50.3	1.44%	58.58%	10.89%	0.56%	$153.4M
24	G.W. Jones Exchange Bank Marcellus	50.1	1.58%	62.53%	10.36%	0.37%	$122.8M
25	Commercial Bank Ithaca	49.8	1.26%	62.87%	10.89%	0.26%	$552.7M
26	Community Unity Bank Birmingham	47.8	-1.40%	114.85%	19.54%	0.00%	$107.1M
27	Superior National Bank Hancock	47.1	1.24%	64.52%	11.70%	0.51%	$1.04B
28	Honor Bank Honor	46.0	1.28%	61.16%	9.77%	0.26%	$442.7M
29	The Miners State Bank Iron River	44.6	0.88%	70.52%	12.19%	0.23%	$134.8M
30	West Michigan Community Bank Hudsonville	42.1	1.54%	51.68%	9.22%	1.55%	$1.21B
31	Northpointe Bank Grand Rapids	41.7	1.29%	51.85%	9.54%	1.15%	$7.53B
32	Independent Bank Grand Rapids	41.5	1.42%	59.05%	9.67%	0.78%	$5.66B
33	Eaton Community Bank Charlotte	40.3	0.91%	67.49%	12.89%	0.77%	$543.5M
34	First State Bank Eastpointe	39.8	1.27%	62.50%	10.01%	0.66%	$1.35B
35	ChoiceOne Bank Sparta	39.7	1.18%	54.60%	9.30%	0.74%	$4.45B
36	Kalamazoo County State Bank Schoolcraft	38.7	0.58%	83.03%	12.08%	0.17%	$118.4M
37	University Bank Ann Arbor	38.0	1.47%	80.93%	10.08%	0.41%	$1.24B
38	First National Bank of Michigan Kalamazoo	37.1	1.05%	57.70%	9.54%	0.67%	$988.9M
39	Dearborn Federal Savings Bank Dearborn	37.1	0.00%	99.95%	25.86%	0.41%	$306.6M
40	Blissfield State Bank Blissfield	36.7	1.07%	68.41%	11.29%	0.88%	$114.6M
41	The Shelby State Bank Shelby	36.5	0.98%	70.73%	9.06%	0.07%	$397.0M
42	Isabella Bank Mount Pleasant	36.3	1.14%	62.84%	8.93%	0.36%	$2.17B
43	Mi Bank Bloomfield Township	35.5	0.88%	66.09%	9.14%	0.16%	$245.5M
44	Highpoint Community Bank Hastings	35.1	0.89%	71.10%	8.45%	0.03%	$592.4M
45	Oxford Bank Oxford	35.0	1.22%	71.76%	11.93%	2.54%	$930.5M
46	Northern Interstate Bank, N.A. Norway	35.0	0.95%	64.37%	9.36%	0.32%	$193.5M
47	Northstar Bank Bad Axe	33.7	1.32%	60.99%	9.11%	1.14%	$1.16B
48	Grand River Bank Grandville	33.7	0.60%	77.01%	10.19%	0.14%	$507.3M
49	The State Savings Bank of Manistique Manistique	31.7	0.89%	69.65%	9.64%	0.37%	$178.2M
50	Baybank Gladstone	29.4	1.04%	70.45%	10.71%	1.59%	$173.4M
51	Bank Michigan Brooklyn	28.2	0.90%	79.27%	11.25%	1.16%	$176.0M
52	Union Bank Grand Rapids	27.3	1.30%	72.52%	8.83%	0.86%	$396.7M
53	Huron Valley State Bank Milford	27.1	1.02%	68.27%	9.96%	1.42%	$291.9M
54	First Independence Bank Detroit	26.6	0.59%	84.50%	10.82%	0.59%	$875.3M
55	Peoples State Bank of Munising Munising	25.0	0.44%	82.94%	12.75%	1.97%	$190.4M
56	The First National Bank of Saint Ignace Saint Ignace	24.7	0.64%	74.72%	7.78%	0.22%	$335.8M
57	Sturgis Bank & Trust Company Sturgis	22.8	1.16%	73.06%	8.63%	1.08%	$1.03B
58	County National Bank Hillsdale	22.6	1.03%	67.93%	9.34%	2.21%	$1.36B
59	First National Bank & Trust Iron Mountain	22.3	0.83%	65.86%	9.48%	1.85%	$386.4M
60	Southern Michigan Bank & Trust Coldwater	22.2	0.84%	70.71%	9.04%	0.82%	$1.68B
61	State Savings Bank Frankfort	21.6	0.26%	94.07%	8.79%	0.16%	$431.2M
62	West Shore Bank Ludington	21.5	0.79%	77.75%	9.85%	0.98%	$833.6M
63	Citizens National Bank of Cheboygan Cheboygan	16.5	0.74%	78.54%	8.49%	0.84%	$471.0M
64	Huron Community Bank East Tawas	16.3	0.62%	77.39%	9.12%	1.06%	$323.3M
65	The Dart Bank Mason	14.8	0.94%	84.89%	8.65%	1.39%	$1.47B

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How the score works

Each bank gets a percentile on each of four ratios, measured against every US bank that filed a Call Report for the quarter and turned so that higher is always better: 100 is the best bank in the country on that ratio and 0 the weakest. The score is the plain average of the four percentiles; 3,583 banks nationwide are scored.

Return on assets: higher is better.
Efficiency ratio: lower is better.
Tier 1 leverage ratio: higher is better.
Nonperforming assets ratio: lower is better.

A bank is scored when it is ranked on all four of those leaderboards: at least $100 million in total assets, open, a lending institution, and a quarter not driven by gains or losses on equity securities. Banks are listed by headquarters state.

Frequently asked questions

What is the best bank in Michigan?

By our financial strength score, Bank of Ann Arbor of Ann Arbor ranks first among the 65 scored banks headquartered in Michigan, scoring 77.1 out of 100 for Q2 2026: return on assets of 2.09%, an efficiency ratio of 44.26%, a Tier 1 leverage ratio of 13.17% and nonperforming assets of 0.27% of total assets. Macatawa Bank, N.A. and Alden State Bank rank second and third.

How are the best banks in Michigan ranked?

Each bank is placed on four Call Report ratios against every US bank that filed for the quarter: return on assets and the Tier 1 leverage ratio, where higher is better, and the efficiency ratio and the nonperforming assets ratio, where lower is better. Each placement is a percentile from 0 to 100, and the score is their average. Only banks with at least $100 million in assets that are ranked on all four ratios are scored, 3,583 banks nationwide.

Does this ranking say which bank I should open an account with?

No. The score reads only what a bank files with its regulators: earnings, cost control, capital and problem assets. It does not measure deposit rates, fees, branches, apps or service, which matter most when choosing a bank for an account, and it is not a safety rating. FDIC insurance protects deposits at insured banks up to the legal limit regardless of a bank's score.

More in Michigan

Largest banks in Michigan Bank deposits in Michigan Largest credit unions in Michigan Return on assets ranking Efficiency ratio ranking Tier 1 leverage ratio ranking Nonperforming assets ratio ranking All rankings

Source: FFIEC Call Reports for Q2 2026, refreshed as each quarter's filings are processed. A ranking is not a safety rating: FDIC insurance covers deposits at insured banks up to the legal limit, whatever the score. Check your coverage with the FDIC insurance calculator.