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

First National Bank of Michigan

Kalamazoo, Michigan · $989M in assets · beside the 11 other Michigan banks between $300M and $1B

The filing

102.4%
Loans / deposits
12th of 12
60.4%
CRE / loans
12th of 12
479.9%
CRE / capital
12th of 12

First National Bank of Michigan is the largest of the 12 Michigan banks nearest its size between $300M and $1B, with $989M in assets at 30 June 2026. Loans are 102.4% of deposits, the highest in the cohort against a median of 81.3%, and equity is 9.1% of assets, 10th of 12. Loans grew +6.5% in the year, 8th of 12, and deposits grew 3.9%; the cohort's median loan growth is +9.2%.

Noncurrent loans are 0.80% of the book, 9th of 12 against a median of 0.63%; 0.05% is 30 to 89 days past due, and the allowance covers them 1.8 times. Commercial real estate is 60.4% of loans, the highest in the cohort against a median of 26.1%, and 480% of capital, above the 300% screen, with construction at 45% against the 100% screen.

Return on assets is 0.99%, 9th of 12 against a median of 1.46%, on an efficiency ratio of 58.7%, 4th of 12. Five years ago it was 0.85%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 17.9% of loans).

Commercial real estate, share of loansMI banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 26.1% FB First Bank Upper Michigan 13.0% FI First Independence Bank 15.2% EM Eastern Michigan Bank 17.5% OB Oxford Bank 22.5% WS West Shore Bank 22.6% TB Tri-county Bank 26.1% CB Commercial Bank 26.2% TB Thumb Bank & Trust 28.8% CS Citizens State Bank 31.4% RB Range Bank 34.1% HC Highpoint Community Bank 36.3% FN First National Bank of Michigan 60.4%
Loans, year over yearMI banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +9.2% CS Citizens State Bank +55.0% FI First Independence Bank +35.9% TB Thumb Bank & Trust +15.8% TB Tri-county Bank +14.3% OB Oxford Bank +13.8% WS West Shore Bank +10.1% HC Highpoint Community Bank +8.2% FN First National Bank of Michigan +6.5% RB Range Bank +4.7% FB First Bank Upper Michigan +2.9% CB Commercial Bank -4.4% EM Eastern Michigan Bank -6.7%

SBA 7(a), FY2008 to FY2026

First National Bank of Michigan is the 45th largest 7(a) lender into Michigan of 364, with $45M across 114 loans, 0.3% of everything approved in the state (The Huntington National Bank leads with $3.53B). 5 of its 14 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
Kent, MI$15M13th of 1241.4%-1.2 pts
Kalamazoo, MI$14M5th of 854.5%-3.4 pts
Ohio, WV$5M1st of 2422.9%thin
Ottawa, MI$4M17th of 780.9%-3.2 pts
Ingham, MI$4M19th of 871.2%thin
Van Buren, MI$3M7th of 432.7%+5.5 pts
Allegan, MI$2M17th of 541.4%quiet FY2022
Muskegon, MI$975K17th of 490.5%quiet FY2022
Grand Traverse, MI$510K39th of 610.2%thin
Shiawassee, MI$500K21st of 340.7%thin
Branch, MI$406K18th of 301.0%thin
Montcalm, MI$374K20th of 310.7%quiet FY2017
Clinton, MI$299K26th of 350.4%quiet FY2019
1 smaller markets not shown.
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
Manufacturing24$14M28.1%0.04%375th of 2,246
Retail trade22$8M16.6%0.01%542nd of 2,589
Wholesale trade5$6M12.8%0.02%380th of 1,651
Construction13$5M10.5%0.02%553rd of 2,063
Professional & technical services15$4M8.6%0.01%489th of 1,955
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 Michigan 0.4% $45M · 114 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 4 CBLR filers; owner-occupied excluded; bold marks a screen met
First NationalRankCohort median
Total CRE against capital, the 300% screen480%12th of 12162%
Construction against capital, the 100% screen45%8th of 1236%
Construction and land development, share of loans5.6%6th of 125.7%
Non-owner-occupied nonfarm nonresidential, share of loans41.7%12th of 1214.6%
Total CRE, the guidance definition, share of loans60.4%12th of 1226.1%
CRE growth over 36 months, the third prong+31.0%5th of 12+45.8%

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
First National Bank of Michigan$989M1.0%58.7%0.80%0.00%1.4%102.4%9.1%
Oxford Bank$931M1.0%71.6%2.26%-0.06%1.3%92.4%12.3%
First Independence Bank$875M2.0%69.8%0.71%1.98%2.0%76.1%9.4%
West Shore Bank$834M0.8%76.6%1.24%0.00%0.9%91.6%9.4%
Thumb Bank & Trust$673M1.6%57.3%0.03%0.00%1.1%70.3%9.5%
Tri-county Bank$639M2.2%39.5%1.30%-0.02%1.1%94.3%12.8%
First Bank Upper Michigan$629M2.0%59.0%0.63%0.07%1.1%85.4%13.3%
Range Bank$604M1.5%59.2%0.03%-0.01%1.3%72.4%10.9%
Highpoint Community Bank$592M0.8%73.1%0.04%0.00%1.1%68.9%8.3%
Citizens State Bank$581M1.8%42.1%0.18%0.25%1.1%85.9%8.3%
Eastern Michigan Bank$554M1.4%62.5%0.63%-0.07%1.2%42.8%17.7%
Commercial Bank$553M1.3%63.1%0.39%0.01%0.9%77.2%10.3%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First NationalCohort median
20212026Change20212026Change
Loans$590M$826M+40%$271M$453M+67%
Deposits$661M$807M+22%$449M$543M+21%
NPA / loans0.00%0.80%+0.79 pts0.46%0.63%+0.17 pts
Efficiency60.8%58.7%-2.0 pts63.0%60.8%-2.2 pts
ROA0.85%0.99%+0.14 pts1.00%1.46%+0.46 pts

This read was prepared for First National Bank of Michigan'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 Michigan 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 $300M to $1B
Institution www.fnbmichigan.bank

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.
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