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First National Bank of Saint Ignace, The

Saint Ignace, MI · Cert 5074 · Mackinac National Bcorp Inc.

National charter · OCC · 7 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=581 to 629). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

43

Q2 2024Q2 2026peer median (50)

Asset Quality

28

Q2 2024Q2 2026peer median (50)

Profitability

37

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

33

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank of Saint Ignace, The

Saint Ignace, MI · Cert 5074 · Mackinac National Bcorp Inc.

National charter · OCC · 7 branches

Q2 2026

$335.8MAssets
$112.0MLoans
$316.3MDeposits
$17.6MEquity
Loan mix
77%RE $82.8M8%C&I $8.7M15%Consumer $16.2MQ3 2024Q2 2026
Deposit mix
73%Interest-bearing $230.0M27%Noninterest $86.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.63%, up 64 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.65% of loans (+20 bps YoY), with net charge-offs at 0.17%.
  • Capital: tier 1 leverage ratio of 7.78%, up 7 bps from a year ago.
  • Funding: loans stand at 35.41% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.63%+64 bps YoY

Net Interest Margin (YTD, annualized)

2.83%+97 bps YoY

Efficiency Ratio (YTD, annualized)

74.96%-2,624 bps YoY

Tier 1 Leverage Ratio

7.78%+7 bps YoY

NIM

3.07%Q2 ’243.00%Q2 ’253.85%Q2 ’26-3%+52%

Non-interest income vs. expense

2.53%Q2 ’242.39%Q2 ’252.40%Q2 ’26+260%+7%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.34%1.11%-0.03%-0.01%0.07%-0.01%0.63%0.63%+64 bps
Return on Equity53.80%41.85%-0.80%-0.22%1.87%-0.18%12.02%11.97%+1,218 bps
Net Interest Margin1.76%1.84%1.72%1.87%1.86%1.98%2.75%2.83%+97 bps
Efficiency Ratio55.81%60.42%102.14%101.20%96.75%91.22%74.69%74.96%-2,624 bps
Non-Interest Burden-0.06%0.37%1.77%1.89%1.78%1.77%1.97%2.03%+14 bps
Growth
Asset Growth (YoY)0.40%-3.66%5.94%5.04%2.12%8.31%4.23%4.36%-68 bps
Loan Growth (YoY)0.82%2.07%13.56%16.69%16.13%18.15%7.78%7.03%-967 bps
Deposit Growth (YoY)-1.44%-3.89%5.25%3.42%1.24%5.98%2.52%2.96%-46 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.27%0.00%0.45%0.00%0.74%0.04%0.65%+20 bps
Net Charge-Offs / Loans0.07%0.08%-0.04%-0.03%-0.03%-0.01%0.33%0.17%+20 bps
Allowance / Loans1.05%1.01%0.93%0.92%0.93%0.88%0.78%0.77%-15 bps
Allowance Coverage of NPLs5.5x3.8xn/a2.0xn/a1.2x19.2x1.2x-0.8x
Capital
Tier 1 Leverage Ratio7.10%7.21%7.62%7.71%6.99%7.09%7.42%7.78%+7 bps
Total Risk-Based Capital17.12%17.29%15.94%16.21%17.07%16.62%16.58%16.73%+52 bps
Equity / Assets3.32%3.30%3.87%4.13%4.24%5.25%5.31%5.25%+112 bps
Liquidity & Funding
Loans / Deposits25.94%29.98%33.46%34.06%29.76%33.42%35.18%35.41%+134 bps
Liquid Assets / Assets16.56%7.56%6.51%7.64%20.32%14.04%10.47%10.03%+239 bps
CRE / Total Capitaln/an/an/an/a226%228%222%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First National Bank of Saint Ignace, The

Saint Ignace, MI · Cert 5074 · Peer group: banks under $1B in assets (n=581-629) · Mackinac National Bcorp Inc.

National charter · OCC · 7 branches

Q2 2026

$335.8MAssets
$112.0MLoans
$316.3MDeposits
$17.6MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 67% of banks under $1B in assets (rank 206 of 629).
  • Widest gap: equity / assets trails 100% of banks under $1B in assets (rank 626 of 629).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.63%

Rank 463 of 629

Net Interest Margin

2.83%

Rank 521 of 629

Efficiency Ratio

74.96%

Rank 423 of 629

Equity / Assets

5.25%

Rank 626 of 629

Non-interest income vs. expense

$1.2M$7.9MINCOMEEXPENSE
Unfavorable gap of $6.7M · efficiency ratio beats 33% of banks under $1B in assets
Bank 74.96%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.63%0.60%1.01%1.45%Beats 26%463 / 629
Return on Equity12.09%5.38%9.30%13.28%Beats 67%206 / 629
Net Interest Margin2.83%3.03%3.54%4.05%Beats 17%521 / 629
Efficiency Ratio74.96%58.35%67.79%79.08%Beats 33%423 / 629
Asset Quality
Nonperforming Loans / Loans0.65%0.09%0.46%1.20%Beats 41%345 / 581
Net Charge-Offs / Loans0.12%n/a0.01%0.06%Beats 15%495 / 581
Capital
Tier 1 Capital Ratio16.19%11.24%13.84%18.77%Beats 65%218 / 629
Total Risk-Based Capital Ratio16.73%11.58%14.43%19.66%Beats 65%218 / 629
Equity / Assets5.25%9.09%10.65%13.80%Beats 0%626 / 629
Liquidity & Funding
Loans / Deposits35.41%67.24%80.90%93.48%5th pctl564 / 594
Loans / Assets33.35%53.31%67.71%78.15%12th pctl552 / 629
Brokered Deposits / Depositsn/aNot reported for this institution