PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 62 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.65% of loans (+20 bps YoY), with net charge-offs at 0.01%.
  • 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 (quarter, annualized)

0.63%+62 bps YoY

Net Interest Margin (quarter, annualized)

2.82%+83 bps YoY

Efficiency Ratio (quarter, annualized)

75.24%-2,508 bps YoY

Tier 1 Leverage Ratio

7.78%+7 bps YoY

NIM

3.16%Q2 ’243.12%Q2 ’253.84%Q2 ’26+1%+42%

Non-interest income vs. expense

2.64%Q2 ’242.43%Q2 ’252.41%Q2 ’26+146%+2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.01%0.38%-0.03%0.01%0.23%-0.23%0.63%0.63%+62 bps
Return on Equity-0.25%11.46%-0.80%0.31%5.40%-4.92%12.02%11.93%+1,162 bps
Net Interest Margin1.88%2.07%1.72%1.99%2.22%2.44%2.75%2.82%+83 bps
Efficiency Ratio101.20%83.34%102.14%100.32%89.64%77.96%74.69%75.24%-2,508 bps
Non-Interest Burden1.91%1.66%1.77%2.00%1.94%1.81%1.97%2.03%+3 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 / Loans0.17%0.12%-0.04%-0.02%-0.02%0.03%0.33%0.01%+3 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