Total Assets
$344M
Total balance-sheet footings
FDIC Cert #5074 · St. Ignace, Michigan · Est. 1888
The First National Bank of St. Ignace - FDIC Bank Health Profile
This profile flags real pressure points from the bank's own quarterly Call Report, read past the headline grade before drawing conclusions.
- $344M
- Total assets
- C
- Health grade · Fair
- -0.01%
- Return on assets
- 16.0%
- Tier 1 capital
Data updated July 2026
The verdict
The First National Bank of St. Ignace earns a PlainBankData health grade of C (60/100), with well-capitalized at 16.01% Tier 1, -0.01% ROA, 91% efficiency ratio.
- #2,306
- largest of 4,313 FDIC banks by assets
- 47th
- percentile by asset size, nationally
- 16.01%
- Tier 1 ratio - above the 10% well-capitalized line
- 5th
- percentile for profitability (ROA), nationally
A weak grade is PlainBankData's own read of the Call Report data, not an official FDIC rating, and it does not change your insurance coverage: every dollar stays protected to $250,000 per depositor, per category.
How The First National Bank of St. Ignace's 60/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
The First National Bank of St. Ignace's composite health score
Tier 1 Capital Ratio (16.01%) 40/40
Return on Assets (ROA) (-0.01%) 0/25
Texas Ratio (4.22%) 20/20
Efficiency Ratio (91.22%) 0/15
60 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$324M
Customer-funded liabilities
Net Loans
$107M
Outstanding loan book
Net Income
$-25K
Bottom-line earnings
Capital adequacy vs federal thresholds
Where The First National Bank of St. Ignace ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. The First National Bank of St. Ignace's score of 60/100 falls in the highlighted band.
The First National Bank of St. Ignace'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). The First National Bank of St. Ignace's $344M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
16.01% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
16.01%
Texas Ratio
4.22%
Equity Capital
$18M
Profitability metrics
Return on Assets (ROA)
5th percentile nationally
-0.01%
Return on Equity (ROE)
-0.18%
Efficiency Ratio
91.22%
What the numbers say about The First National Bank of St. Ignace
The First National Bank of St. Ignace is an FDIC-insured institution (Certificate #5074) headquartered in St. Ignace, Michigan, established in 1888. It holds $344M in total assets - 2,306th of 4,313 FDIC-insured banks, $324M in customer deposits, and $107M in net loans. Its capital position: a Tier 1 ratio of 16.01%, meeting the 10% federal well-capitalized bar, alongside a Texas Ratio of 4.22% that is well inside the healthy sub-50% band. That combination rolls up into a PlainBankData health grade of C (60 of 100), blending Tier 1 capital, ROA, the Texas Ratio, and efficiency. These figures come directly from the bank's quarterly FDIC Call Report.
The First National Bank of St. Ignace sits 46th of 73 banks headquartered in Michigan by total assets, placing it in the middle tier of the state's banking landscape.
Income & expense breakdown
$10M
Interest Income
$1M
Non-Interest Income
$8M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. The First National Bank of St. Ignace reports a Texas Ratio of 4.22% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
4.22% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
What to watch at The First National Bank of St. Ignace
The First National Bank of St. Ignace's grade of C reflects specific pressure points in the FDIC Call Report. The bank reported negative net income of $-25K for the period, a loss that, if sustained, erodes the equity cushion.
Your deposits are still protected. Regardless of grade, FDIC insurance covers every dollar on deposit at The First National Bank of St. Ignace up to $250,000 per depositor, per ownership category. A weak grade signals institutional financial stress for analysts, it is not a prediction of failure, and it does not affect insured-deposit safety.
Top banks in Michigan by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) The First National Bank of St. Ignace (FDIC Cert #5074) - 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 The First National Bank of St. Ignace's health grade?▼
The First National Bank of St. Ignace receives a health grade of C (60/100) 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 The First National Bank of St. Ignace?▼
The First National Bank of St. Ignace holds $344M in total assets and $324M in deposits, ranking 2,306th of 4,313 FDIC-insured banks by asset size. It is headquartered in St. Ignace, Michigan.
Is my money safe at The First National Bank of St. Ignace?▼
Yes, deposits at The First National Bank of St. Ignace (Certificate #5074) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is The First National Bank of St. Ignace's Tier 1 Capital Ratio?▼
The First National Bank of St. Ignace has a Tier 1 Capital Ratio of 16.01%. That clears the federal 10% bar regulators use to call a bank "well-capitalized."
What is the Texas Ratio for The First National Bank of St. Ignace?▼
The First National Bank of St. Ignace has a Texas Ratio of 4.22%. Staying under 50% is the level analysts treat as healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is The First National Bank of St. Ignace?▼
The First National Bank of St. Ignace has an Efficiency Ratio of 91.22%. Past the 60% mark, a bigger slice of revenue is absorbed by operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read The First National Bank of St. Ignace's profile as a depositor or analyst.
- The First National Bank of St. Ignace's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare The First National Bank of St. Ignace 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.