Total Assets
$412M
Total balance-sheet footings
FDIC Cert #5062 · Iron Mountain, Michigan · Est. 1887
First National Bank & Trust Co. - FDIC Bank Health Profile
A community-scale look at First National Bank & Trust Co.'s own numbers, pulled straight from its quarterly FDIC Call Report.
- $412M
- Total assets
- C
- Health grade · Fair
- 0.73%
- Return on assets
- 14.8%
- Tier 1 capital
Data updated July 2026
The verdict
First National Bank & Trust Co. earns a PlainBankData health grade of C (63/100), with well-capitalized at 14.81% Tier 1, 0.73% ROA, 74% efficiency ratio.
- #2,043
- largest of 4,313 FDIC banks by assets
- 53rd
- percentile by asset size, nationally
- 14.81%
- Tier 1 ratio - above the 10% well-capitalized line
- 26th
- percentile for profitability (ROA), nationally
The grade above reflects PlainBankData's own read of the bank's regulatory filings, not an FDIC judgment, deposit coverage stays at $250,000 per depositor, per category, unaffected by it.
How First National Bank & Trust Co.'s 63/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
First National Bank & Trust Co.'s composite health score
Tier 1 Capital Ratio (14.81%) 35/40
Return on Assets (ROA) (0.73%) 14/25
Texas Ratio (18.78%) 10/20
Efficiency Ratio (74.05%) 4/15
63 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$355M
Customer-funded liabilities
Net Loans
$206M
Outstanding loan book
Net Income
$3M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where First National Bank & Trust Co. ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. First National Bank & Trust Co.'s score of 63/100 falls in the highlighted band.
First National Bank & Trust Co.'s size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). First National Bank & Trust Co.'s $412M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
14.81% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
14.81%
Texas Ratio
18.78%
Equity Capital
$35M
Profitability metrics
Return on Assets (ROA)
26th percentile nationally
0.73%
Return on Equity (ROE)
9.30%
Efficiency Ratio
74.05%
What the numbers say about First National Bank & Trust Co.
First National Bank & Trust Co. is an FDIC-insured institution (Certificate #5062) headquartered in Iron Mountain, Michigan, established in 1887. It holds $412M in total assets - 2,043rd of 4,313 FDIC-insured banks, $355M in customer deposits, and $206M in net loans. On safety, its Tier 1 capital ratio of 14.81% is above the 10% well-capitalized threshold, and its Texas Ratio of 18.78% sits in the healthy range below 50%. It earns a PlainBankData health grade of C (63/100), a composite of Tier 1 capital, ROA, the Texas Ratio, and efficiency. All of it traces back to the bank's own quarterly FDIC Call Report filing.
Within Michigan, First National Bank & Trust Co. ranks 41st of 73 FDIC-insured banks by asset size -- a mid-sized institution, neither among the state's largest nor its smallest.
Income & expense breakdown
$17M
Interest Income
$4M
Non-Interest Income
$13M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. First National Bank & Trust Co. reports a Texas Ratio of 18.78% - within the generally healthy range below the 50% level analysts watch.
Texas Ratio
Caution 50%
18.78% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
Top banks in Michigan by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) First National Bank & Trust Co. (FDIC Cert #5062) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in Michigan
All Michigan banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Northpointe BankGrand Rapids | $7.0B | B | 1.39% |
| First National Bank of AmericaEast Lansing | $6.7B | A | 2.94% |
| Mercantile BankGrand Rapids | $6.2B | A | 1.61% |
| Independent BankGrand Rapids | $5.5B | B | 1.33% |
| ChoiceOne BankSparta | $4.4B | B | 0.79% |
| Macatawa Bank, National AssociationHolland | $3.7B | A | 1.39% |
| Bank of Ann ArborAnn Arbor | $3.3B | A | 1.72% |
| Isabella BankMount Pleasant | $2.2B | B | 1.02% |
Frequently asked questions
What is First National Bank & Trust Co.'s health grade?▼
First National Bank & Trust Co. receives a health grade of C (63/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank meets regulatory minimums but has some areas of financial weakness to monitor.
How large is First National Bank & Trust Co.?▼
First National Bank & Trust Co. holds $412M in total assets and $355M in deposits, ranking 2,043rd of 4,313 FDIC-insured banks by asset size. It is headquartered in Iron Mountain, Michigan.
Is my money safe at First National Bank & Trust Co.?▼
Yes, deposits at First National Bank & Trust Co. (Certificate #5062) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is First National Bank & Trust Co.'s Tier 1 Capital Ratio?▼
First National Bank & Trust Co. has a Tier 1 Capital Ratio of 14.81%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for First National Bank & Trust Co.?▼
First National Bank & Trust Co. has a Texas Ratio of 18.78%. A ratio below 50% is generally considered healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is First National Bank & Trust Co.?▼
First National Bank & Trust Co. has an Efficiency Ratio of 74.05%. Above 60% means a larger share of revenue goes to operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read First National Bank & Trust Co.'s profile as a depositor or analyst.
- First National Bank & Trust Co.'s grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare First National Bank & Trust Co. against other Michigan banks before moving funds. Michigan banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.