Asset Quality ranking · Michigan · Call report data as of September 30, 2026
Michigan Banks: Highest CRE Delinquency
County National Bank has the highest commercial real estate noncurrent rate of the 57 ranked banks headquartered in Michigan, at 5.37% as of September 30, 2026. The median among the 57 ranked Michigan banks is 0.46%, against 0.19% for all US banks. That top value sits far outside the middle half of ranked banks (0.00% to 1.12%). A rate this far from the middle usually comes from a few large problem loans or from lending to borrowers with lower credit scores, so read it beside the bank's dollar amounts and its trend.
This list ranks Michigan banks by commercial real estate noncurrent rate. For the largest banks headquartered in Michigan, see largest banks in Michigan.
- No. 1 in Michigan
- County National Bank
- Its CRE noncurrent
- 5.37%
- Michigan median
- 0.46%
- Banks ranked
- 57
Ranked among banks headquartered in Michigan, numbered 1 to 57 within the state from the same population as the national list. Browse every bank in the Michigan bank directory.
Top 57 Michigan banks by commercial real estate noncurrent rate
Highest first. Select a column heading to sort. The gap column shows each bank's distance from the Michigan median of 0.46%. Missing values show as a dash and sort last.
| 1 | County National Bank Hillsdale, MI | 5.37% | $1.35B $1B to $10B |
| 2 | First National Bank of America East Lansing, MI | 4.98% | $6.99B $1B to $10B |
| 3 | First Independence Bank Detroit, MI | 4.89% | $830.4M $100M to $1B |
| 4 | Peoples State Bank of Munising Munising, MI | 4.42% | $195.2M $100M to $1B |
| 5 | Eaton Community Bank Charlotte, MI | 4.16% | $551.9M $100M to $1B |
| 6 | The Dart Bank Mason, MI | 3.96% | $1.37B $1B to $10B |
| 7 | Chelsea State Bank Chelsea, MI | 2.60% | $414.6M $100M to $1B |
| 8 | West Shore Bank Ludington, MI | 2.46% | $904.5M $100M to $1B |
| 9 | Huron Valley State Bank Milford, MI | 2.33% | $298.0M $100M to $1B |
| 10 | Union Bank Grand Rapids, MI | 2.14% | $388.8M $100M to $1B |
| 11 | Tri-County Bank Brown City, MI | 1.97% | $641.6M $100M to $1B |
| 12 | Alden State Bank Alden, MI | 1.73% | $341.6M $100M to $1B |
| 13 | Oxford Bank Oxford, MI | 1.60% | $969.4M $100M to $1B |
| 14 | West Michigan Community Bank Hudsonville, MI | 1.18% | $1.24B $1B to $10B |
| 15 | State Savings Bank Frankfort, MI | 1.12% | $478.0M $100M to $1B |
| 16 | First National Bank & Trust Iron Mountain, MI | 1.12% | $393.2M $100M to $1B |
| 17 | Eastern Michigan Bank Croswell, MI | 1.02% | $587.6M $100M to $1B |
| 18 | Independent Bank Grand Rapids, MI | 1.00% | $5.74B $1B to $10B |
| 19 | ChoiceOne Bank Sparta, MI | 0.79% | $4.46B $1B to $10B |
| 20 | Capitol National Bank Lansing, MI | 0.75% | $196.6M $100M to $1B |
| 21 | Century Bank and Trust Coldwater, MI | 0.64% | $510.9M $100M to $1B |
| 22 | Baybank Gladstone, MI | 0.56% | $173.0M $100M to $1B |
| 23 | Citizens State Bank Royal Oak, MI | 0.55% | $624.7M $100M to $1B |
| 24 | Southern Michigan Bank & Trust Coldwater, MI | 0.50% | $1.73B $1B to $10B |
| 25 | Sturgis Bank & Trust Company Sturgis, MI | 0.49% | $1.07B $1B to $10B |
| 26 | 1st State Bank Saginaw, MI | 0.49% | $502.7M $100M to $1B |
| 27 | First Bank, Upper Michigan Gladstone, MI | 0.48% | $648.3M $100M to $1B |
| 28 | Superior National Bank Hancock, MI | 0.47% | $1.05B $1B to $10B |
| 29 | Northstar Bank Bad Axe, MI | 0.46% | $1.20B $1B to $10B |
| 30 | Honor Bank Honor, MI | 0.41% | $444.5M $100M to $1B |
| 31 | Isabella Bank Mount Pleasant, MI | 0.31% | $2.19B $1B to $10B |
| 32 | First National Bank of Michigan Kalamazoo, MI | 0.30% | $983.9M $100M to $1B |
| 33 | Commercial Bank Ithaca, MI | 0.29% | $564.2M $100M to $1B |
| 34 | Lake-Osceola State Bank Baldwin, MI | 0.27% | $446.2M $100M to $1B |
| 35 | Charlevoix State Bank Charlevoix, MI | 0.26% | $253.9M $100M to $1B |
| 36 | Bank of Ann Arbor Ann Arbor, MI | 0.21% | $3.58B $1B to $10B |
| 37 | Bank Michigan Brooklyn, MI | 0.09% | $174.9M $100M to $1B |
| 38 | United Bank of Michigan Grand Rapids, MI | 0.07% | $1.08B $1B to $10B |
| 39 | Range Bank Marquette, MI | 0.05% | $668.5M $100M to $1B |
| 40 | Mercantile Bank Grand Rapids, MI | 0.05% | $6.53B $1B to $10B |
| 41 | Macatawa Bank, N.A. Holland, MI | 0.00% | $3.81B $1B to $10B |
| 42 | First State Bank Eastpointe, MI | 0.00% | $1.41B $1B to $10B |
| 43 | University Bank Ann Arbor, MI | 0.00% | $1.29B $1B to $10B |
| 44 | Thumb Bank & Trust Pigeon, MI | 0.00% | $690.8M $100M to $1B |
| 45 | Highpoint Community Bank Hastings, MI | 0.00% | $627.5M $100M to $1B |
| 46 | Central Savings Bank Sault Sainte Marie, MI | 0.00% | $515.5M $100M to $1B |
| 47 | Grand River Bank Grandville, MI | 0.00% | $504.4M $100M to $1B |
| 48 | Citizens National Bank of Cheboygan Cheboygan, MI | 0.00% | $496.0M $100M to $1B |
| 49 | First Community Bank Harbor Springs, MI | 0.00% | $429.8M $100M to $1B |
| 50 | The Shelby State Bank Shelby, MI | 0.00% | $406.3M $100M to $1B |
| 51 | Upper Peninsula State Bank Escanaba, MI | 0.00% | $378.1M $100M to $1B |
| 52 | The First National Bank of Saint Ignace Saint Ignace, MI | 0.00% | $373.0M $100M to $1B |
| 53 | Huron Community Bank East Tawas, MI | 0.00% | $337.6M $100M to $1B |
| 54 | Mi Bank Bloomfield Township, MI | 0.00% | $261.2M $100M to $1B |
| 55 | The State Savings Bank of Manistique Manistique, MI | 0.00% | $181.9M $100M to $1B |
| 56 | The Miners State Bank Iron River, MI | 0.00% | $140.4M $100M to $1B |
| 57 | Community Unity Bank Birmingham, MI | 0.00% | $118.7M $100M to $1B |
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Definition and formula
The commercial real estate (CRE) noncurrent rate on this list is the share of a bank's loans secured by nonfarm nonresidential property, such as offices, stores, warehouses and hotels, that are on nonaccrual or 90 or more days past due and still accruing. Owner-occupied and investor-owned property are both included. Multifamily and construction loans are reported on their own lines of the call report and are not.
CRE noncurrent rate = (Nonfarm nonresidential loans on nonaccrual + Nonfarm nonresidential loans 90+ days past due and still accruing) / Nonfarm nonresidential loans
The glossary entry for Commercial Real Estate Loans explains each term, the call report items behind it and a worked example.
Which banks are ranked
This list ranks the 57 banks headquartered in Michigan that meet every rule below, using each bank's latest FFIEC call report (data as of September 30, 2026).
- Banks with at least $100M in total assets, so a ratio on a very small balance sheet cannot lead the list.
- Banks with at least $25M in nonfarm nonresidential (commercial property) loans, so a rate on a few loans cannot lead the list.
- Lending institutions only: charters with loans under 5% of assets, mostly trust and custody banks, are not ranked.
- Charters the regulator has closed, merged or converted are excluded.
- Each bank charter ranks on its own; holding companies are not combined.
What moves the CRE noncurrent rate
The rate rises when tenants leave or rents fall far enough that a property's income no longer covers its loan payments, as has happened to many office buildings since 2020, and when a maturing loan cannot be refinanced at current rates. Owner-occupied loans depend more on the borrower's business than on the building, so a bank whose book is mostly owner-occupied tends to run a lower rate. A single large loan can move a small bank's rate by several points, so compare it with the dollar amounts and the trend.
Frequently asked questions
Which bank in Michigan has the highest commercial real estate noncurrent rate?
County National Bank has the highest commercial real estate noncurrent rate of the 57 ranked banks headquartered in Michigan, at 5.37% as of September 30, 2026, according to its FFIEC call report. First National Bank of America ranks second at 4.98%. The median is 0.46%.
What is the median CRE noncurrent rate among ranked US banks?
As of Q3 2026, CRE noncurrent rate for the middle half of the 2,776 ranked US banks ran from 0.00% to 1.05%, and the median was 0.19%. Compare a bank with peers of the same size and business model rather than with the top of this list. See the Commercial Real Estate Loans glossary entry.
How is the CRE noncurrent rate calculated?
CRE noncurrent rate = (Nonfarm nonresidential loans on nonaccrual + Nonfarm nonresidential loans 90+ days past due and still accruing) / Nonfarm nonresidential loans. Each bank charter is ranked on its own; holding companies are not combined. See the Commercial Real Estate Loans glossary entry.
The same ranking in other states
Other Michigan rankings
More asset quality rankings
Source: FFIEC call reports for the quarter ended September 30, 2026, refreshed as each quarter's filings are processed. See data updates for the current freshness window. Next update: Q4 2026 Call Reports are due February 1, 2027; we expect them on the platform by mid-February 2027.
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