State directory · MI

Michigan Banks

Every FDIC-insured bank headquartered in Michigan, with health grades, capital, and profitability from the quarterly FDIC Call Report.

Compiled from official source data by PlainBankData Editorial
73
FDIC banks
74/100
Avg health score
$71.0B
Total assets
14
Failures since 2000

Data updated July 2026

The state picture

Michigan's 73 FDIC banks hold $71.0B in assets and average 74/100 on health - 73% earn an A or B grade.

73
FDIC-insured banks
73%
grade A or B (53 banks)
$7.0B
largest - Northpointe Bank
14
failures since 2000

Figures from public FDIC Call Reports. A lower grade does not mean your money is at risk, deposits are FDIC-insured to $250,000 per depositor, per category, at every bank here.

For context: Michigan's average health score of 74/100 is below the 77/100 national average across all FDIC-insured banks PlainBankData tracks.

Health grade distribution

A
24
33% of banks
B
29
40% of banks
C
16
22% of banks
D
3
4% of banks
F
1
1% of banks

Largest banks in Michigan

Top 10 Michigan banks by total assets
  1. 1
    Northpointe Bank $7.0B

    Grand Rapids, MI · Grade B

  2. 2
    First National Bank of America $6.7B

    East Lansing, MI · Grade A

  3. 3
    Mercantile Bank $6.2B

    Grand Rapids, MI · Grade A

  4. 4
    Independent Bank $5.5B

    Grand Rapids, MI · Grade B

  5. 5
    ChoiceOne Bank $4.4B

    Sparta, MI · Grade B

  6. 6
    Macatawa Bank $3.7B

    Holland, MI · Grade A

  7. 7
    Bank of Ann Arbor $3.3B

    Ann Arbor, MI · Grade A

  8. 8
    Isabella Bank $2.2B

    Mount Pleasant, MI · Grade B

  9. 9
    Southern Michigan Bank & Trust $1.7B

    Coldwater, MI · Grade B

  10. 10
    The Dart Bank $1.4B

    Mason, MI · Grade C

Top 10 of 73 Michigan banks · FDIC Call Report Q4 2025.

Michigan banks by health grade

0 5 10 15 20 25 30 A B C D F 24 29 16 3 1

How Michigan compares nationally

Michigan ranks #34 of 55 states and territories by average bank health score - better than 39% of them.

States grouped by average health score

All 73 Michigan banks

Bank Assets Grade
Northpointe Bank $7.0B B
First National Bank of America $6.7B A
Mercantile Bank $6.2B A
Independent Bank $5.5B B
ChoiceOne Bank $4.4B B
Macatawa Bank, National Association $3.7B A
Bank of Ann Arbor $3.3B A
Isabella Bank $2.2B B
Southern Michigan Bank & Trust $1.7B B
The Dart Bank $1.4B C
County National Bank $1.3B B
First State Bank $1.3B C
West Michigan Community Bank $1.2B B
Northstar Bank $1.1B B
University Bank $1.1B B
Oxford Bank $1.1B B
United Bank of Michigan $1.1B B
Superior National Bank $1.0B A
Sturgis Bank & Trust Company $998M C
First National Bank of Michigan $986M B
West Shore Bank $820M B
First Independence Bank $697M C
Thumb Bank and Trust $675M A
First Bank, Upper Michigan $633M A
Range Bank $614M A
Tri-County Bank $604M A
Highpoint Community Bank $590M A
Eastern Michigan Bank $572M A
Commercial Bank $554M A
Citizens State Bank $527M B
Eaton Community Bank $524M C
Grand River Bank $516M C
Central Savings Bank $487M A
1st State Bank $480M A
Century Bank and Trust $477M A
Citizens National Bank of Cheboygan $471M C
Lake-Osceola State Bank $466M A
Honor Bank $417M B
Chelsea State Bank $414M A
State Savings Bank $413M D
First National Bank & Trust Co. $412M C
First Community Bank $403M A
Union Bank $391M D
The Shelby State Bank $386M B
Upper Peninsula State Bank $361M B
The First National Bank of St. Ignace $344M C
Huron Community Bank $320M C
Alden State Bank $314M A
Mi Bank $293M D
Dearborn Federal Savings Bank $289M C
Huron Valley State Bank $270M B
Charlevoix State Bank $240M A
Capitol National Bank $213M A
Northern Interstate Bank, N. A. $191M C
Peoples State Bank of Munising $182M C
The State Savings Bank of Manistique $182M B
Baybank $169M B
Bank Michigan $154M A
Bay Port State Bank $153M B
Gogebic Range Bank $143M F
The Miners State Bank $141M B
Sidney State Bank $141M B
Kalamazoo County State Bank $120M B
Blissfield State Bank $119M B
G. W. Jones Exchange Bank $112M B
Mayville State Bank $97M C
Community Unity Bank $95M C
Huron State Bank $95M B
First State Bank of Michigan $81M C
Homestead Savings Bank $72M B
JPMorgan Chase Bank, Dearborn $70M A
The Port Austin State Bank $66M A
The First National Bank of Wakefield $53M B

How to read the Michigan bank directory

This page lists every FDIC-insured bank with a primary regulatory address in Michigan. Both state-chartered and nationally-chartered banks appear when the FDIC institution directory places their headquarters here. Branch locations, ATM networks, and credit unions are not in scope, this is a headquarters-anchored view. The 73 institutions shown reflect the most recent quarterly FDIC release.

Health grade interpretation

Each bank's letter grade (A–F) is computed from four FDIC-reported metrics: Tier 1 capital ratio, return on assets, the Texas Ratio (non-performing assets ÷ tangible capital), and the efficiency ratio. Across Michigan, 53 institutions (73%) sit in the A or B band, while 4 (5%) fall in the D or F band. The C cluster, the broad middle, typically captures roughly half of any state's banks and is not a warning signal on its own.

When failures matter

Since 2000, 14 banks headquartered in Michigan have failed. Every depositor was made whole up to the standard FDIC ceiling ($250,000 per depositor, per ownership category, per institution). Failures cluster around macro events (the 2008–2010 wave, the 2023 regional-bank stress) rather than steady attrition, so a clean recent record reflects the absence of a triggering shock more than guaranteed safety. The "Under Stress" ranking is more forward-looking, because it scores current capital and credit-loss capacity.

Sources, refresh cadence, and corrections

Every figure derives from the FDIC Quarterly Banking Profile and the FDIC Institution Directory, both public-domain. We re-pull on the FDIC's schedule (quarterly release plus monthly directory deltas for mergers and closures). Asset and capital figures are reported as of the most recent quarter-end and lag the calendar by ~90 days, the FDIC's reporting lag, not ours.

Using the Michigan directory

Three ways to put this state view to work.

Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings.

Data compiled from the Federal Deposit Insurance Corporation (FDIC) (FDIC Quarterly Banking Profile, Institution Directory, Failed Bank List). See our methodology for the full pipeline and source vintage.

Retrieved and compiled by PlainBankData Editorial from FDIC Call Report (FFIEC 031/041) filings, Q4 2025.

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Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. This page draws directly on FDIC federal source data, no figure is typed in by an editor. 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.