← The catalogue
Q2 2026 · read from the 30 June 2026 Call Report · United States · Great Lakes · Michigan, the state note

First National Bank of America

East Lansing, Michigan · $6.82B in assets · beside the 6 other Michigan banks between $3B and $10B

The filing

161.8%
Loans / deposits
7th of 7
8.1%
Equity / assets
7th of 7
1.90%
NPA / loans
7th of 7

First National Bank of America is the second largest of the 7 Michigan banks between $3B and $10B, with $6.82B in assets at 30 June 2026. Loans are 161.8% of deposits, the highest in the cohort against a median of 93.8%, and equity is 8.1% of assets, the lowest in the cohort. Loans grew +5.2% in the year, 4th of 7, and deposits grew 3.7%; the cohort's median loan growth is +5.2%.

Noncurrent loans are 1.90% of the book, the highest in the cohort against a median of 0.99%; 0.87% is 30 to 89 days past due, and the allowance covers them 0.6 times. Commercial real estate is 5.9% of loans, 2nd of 7 against a median of 23.5%, and 62% of capital, below the 300% screen, with construction at 41% against the 100% screen. CRE has grown +159.0% over 36 months, past the guidance's 50% prong.

Return on assets is 2.78%, the highest in the cohort against a median of 1.60%, on an efficiency ratio of 26.6%, the lowest in the cohort. Five years ago it was 3.85%. The question is where the nonperforming loans sit by category, and whether the allowance and the capital behind them hold under a loss path.

Loans as a share of depositsMI banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 93.8% CB Choiceone Bank 85.3% IB Independent Bank 89.9% MB Macatawa Bank National Association 91.8% Bo Bank of Ann Arbor 93.8% MB Mercantile Bank 96.4% NB Northpointe Bank 129.3% FN First National Bank of America 161.8%
Loans, year over yearMI banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +5.2% MB Macatawa Bank National Association +54.3% NB Northpointe Bank +16.5% IB Independent Bank +6.1% FN First National Bank of America +5.2% CB Choiceone Bank +5.1% MB Mercantile Bank +0.6% Bo Bank of Ann Arbor -1.2%

SBA 7(a), FY2008 to FY2026

First National Bank of America is the 249th largest 7(a) lender into Michigan of 364, with $2M across 13 loans, 0.0% of everything approved in the state (The Huntington National Bank leads with $3.53B). 6 of its 6 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Michigan, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Grand Traverse, MI$686K32nd of 610.2%quiet FY2015
Kalamazoo, MI$378K63rd of 850.1%quiet FY2016
Gratiot, MI$360K10th of 141.7%quiet FY2013
Antrim, MI$345K12th of 220.7%quiet FY2014
Kalkaska, MI$90K15th of 180.4%quiet FY2012
Kent, MI$50K122nd of 1240.0%quiet FY2013
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services3$888K46.5%0.00%1654th of 2,596
Administrative & waste services3$450K23.6%0.00%1090th of 1,763
Professional & technical services3$206K10.8%0.00%1560th of 1,955
Health care & social assistance2$175K9.2%0.00%1835th of 2,172
Manufacturing1$100K5.2%0.00%2109th of 2,246
7(a) lenders into Michigan, share of approvals since FY2008364 lenders on record; the ten largest and First National
TH The Huntington National Bank 28.0% $3.53B · 19,577 loans FT Fifth Third Bank 7.1% $895M · 2,010 loans LO Live Oak Banking Company 4.7% $589M · 456 loans CB Choiceone Bank 3.3% $418M · 795 loans JC JPMorgan Chase Bank, National Ass… 2.7% $338M · 2,073 loans ON Old National Bank 2.6% $330M · 438 loans BB Byline Bank 1.8% $226M · 212 loans FI First Internet Bank of Indiana 1.7% $216M · 160 loans FM First Merchants Bank 1.7% $212M · 421 loans Bo Bank of Ann Arbor 1.6% $201M · 386 loans FN First National Bank of America 0.0% $2M · 13 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
First NationalRankCohort median
Total CRE against capital, the 300% screen62%2nd of 7174%
Construction against capital, the 100% screen41%5th of 725%
Construction and land development, share of loans3.9%4th of 73.9%
Non-owner-occupied nonfarm nonresidential, share of loans0.5%2nd of 715.1%
Total CRE, the guidance definition, share of loans5.9%2nd of 723.5%
CRE growth over 36 months, the third prong+159.0%6th of 7+33.8%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Northpointe Bank$7.53B1.3%51.9%1.23%0.02%0.1%129.3%9.4%
First National Bank of America$6.82B2.8%26.6%1.90%0.01%1.1%161.8%8.1%
Mercantile Bank$6.24B1.6%54.9%0.10%-0.03%1.1%96.4%11.7%
Independent Bank$5.66B1.3%61.7%0.99%0.03%1.5%89.9%9.1%
Choiceone Bank$4.45B1.2%58.9%1.00%0.02%1.2%85.3%11.7%
Macatawa Bank National Association$3.69B1.8%44.0%0.08%0.04%0.7%91.8%15.1%
Bank of Ann Arbor$3.50B2.0%44.7%0.27%0.08%1.2%93.8%14.3%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First NationalCohort median
20212026Change20212026Change
Loans$2.84B$6.28B+121%$2.84B$4.43B+56%
Deposits$2.01B$3.88B+93%$2.18B$3.88B+78%
NPA / loans1.68%1.90%+0.22 pts0.19%0.99%+0.79 pts
Efficiency25.0%26.6%+1.6 pts54.6%51.9%-2.7 pts
ROA3.85%2.78%-1.07 pts1.55%1.60%+0.05 pts

This read was prepared for First National Bank of America's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on First National Bank of America is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MI banks $3B to $10B
Institution www.fnba.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
← Back to the catalogue