The catalogue › United States › Great Lakes › Michigan
The state note · prepared 3 November 2026

Michigan

72 banks and 169 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

72 banks filing · read from the 30 June 2026 Call Report
72
banks filing
$72.5B in assets
+7.1%
Loans, year over year
median; 26 above 10%, 14 shrinking
23.7%
CRE / loans
median
85.3%
Loans / deposits
median
0.66%
NPA / loans
median
9.7%
Equity / assets
median

Michigan's 72 banks hold $72.5B in assets at 30 June 2026. Northpointe Bank is the largest at $7.5B, and the five largest hold 42% of the total; 18 institutions are above $1B, holding $52.7B.

Loans grew a median +7.1% in the year to 30 June 2026: 26 institutions grew faster than 10% and 14 shrank. The median bank lends 85% of its deposits and holds commercial real estate at 23.7% of loans. Nonperforming loans sit at a median 0.66% of the book, return on assets at 1.14%, and equity at 9.7% of assets.

6 of the 72 are in the catalogue, each read from its own filing beside the banks its size in the state: Northpointe Bank, First National Bank of America, Isabella Bank, First National Bank of Michigan, Oxford Bank, First Independence Bank.

Who holds the state's assetseach institution's share of the $72.5B the state's 72 hold; the largest first, amber in the catalogue
Northpointe Bank: 10.4%NB10%First National Bank of America: 9.4%FN9%Mercantile Bank: 8.6%MB9%Independent Bank: 7.8%IB8%Choiceone Bank: 6.1%CBMacatawa Bank National Association: 5.1%MBBank of Ann Arbor: 4.8%BoIsabella Bank: 3.0%Southern Michigan Bank & Trust: 2.3%Dart Bank: 2.0%62 others 40%NBNorthpointe Bank10.4%FNFirst National Bank o…9.4%MBMercantile Bank8.6%IBIndependent Bank7.8%CBChoiceone Bank6.1%MBMacatawa Bank Nationa…5.1%BoBank of Ann Arbor4.8%IBIsabella Bank3.0%SMSouthern Michigan Ban…2.3%DBDart Bank2.0%

Northpointe Bank holds 10.4% of the state's bank assets; the five largest hold 42%, and 18 of the 72 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestNorthpointe Bank: 10% of the totalThe five largest42% of the totalThe ten largest60% of the totalGINI0.60 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 42% of the assets in 7% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
1-4 family residential, closed-end30.9%$17.3BNonfarm nonresidential, non-owner-occupied14.5%$8.1BNonfarm nonresidential, owner-occupied13.5%$7.5BCommercial & industrial13.2%$7.4BOther loans and leases9.2%$5.1BHome equity lines5.0%$2.8BConstruction & land4.9%$2.8BMultifamily3.6%$2.0BConsumer, other2.1%$1.2BFarmland1.3%$707MAuto0.7%$379MAgricultural production0.6%$348MStates & municipalities0.4%$242MCredit card0.0%$2M

1-4 family residential, closed-end is the largest category at 30.9% of the state's $55.8B in loans, then Nonfarm nonresidential, non-owner-occupied at 14.5% and Nonfarm nonresidential, owner-occupied at 13.5%.

Loans, year over yearMichigan banks, 30 June 2026 against a year earlier · no better direction, largest first · the 25 highest of 71 · amber, in the catalogue
state median +7.1% FS First State Bank of Michigan +114.7% CU Community Unity Bank +62.7% CS Citizens State Bank +55.0% MB Macatawa Bank National Association +54.3% FI First Independence Bank +35.9% BM Bank Michigan +30.1% CS Central Savings Bank +27.6% CN Capitol National Bank +25.0% HV Huron Valley State Bank +22.0% NB Northpointe Bank +16.5% FS First State Bank +15.9% TB Thumb Bank & Trust +15.8% TB Tri-county Bank +14.3% OB Oxford Bank +13.8% IB Isabella Bank +13.8% WM West Michigan Community Bank +12.7% CB Century Bank & Trust +12.1% HS Huron State Bank +12.0% NB Northstar Bank +12.0% UP Upper Peninsula State Bank +11.8% EC Eaton Community Bank +11.7% KC Kalamazoo County State Bank +11.2% UB University Bank +11.2% SS State Savings Bank +10.7% WS West Shore Bank +10.1%

First State Bank of Michigan grew fastest at +114.7%; 26 grew faster than 10% and 14 shrank, Eastern Michigan Bank the most at -6.7%. The median is +7.1%.

Commercial real estate, share of loansMichigan banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · the 25 highest of 71 · amber, in the catalogue
state median 23.7% FN First National Bank of Michigan 60.4% UB United Bank of Michigan 60.1% CU Community Unity Bank 59.8% MS Miners State Bank 51.2% SM Southern Michigan Bank & Trust 46.9% CN Capitol National Bank 44.3% GR Grand River Bank 42.9% PS Peoples State Bank of Munising 42.1% HV Huron Valley State Bank 39.8% SS Shelby State Bank 38.9% BM Bank Michigan 38.8% HB Honor Bank 38.6% Bo Bank of Ann Arbor 37.4% MB Mercantile Bank 36.7% UB Union Bank 36.6% HC Highpoint Community Bank 36.3% CB Choiceone Bank 36.1% FC First Community Bank 35.6% RB Range Bank 34.1% FN First National Bank of ST Ignace 33.5% UP Upper Peninsula State Bank 33.3% MB Mi Bank 32.2% WM West Michigan Community Bank 32.2% CS Citizens State Bank 31.4% NB Northstar Bank 31.3%

First National Bank of Michigan is the most CRE-weighted at 60.4% of loans; 8 of the 72 are above 40%, against a median of 23.7%.

Commercial real estate against capital, the 300% screenMichigan banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · the 25 highest of 72 · amber, in the catalogue
state median 146% 300% screen FN First National Bank of Michigan 480% UB United Bank of Michigan 463% SM Southern Michigan Bank & Trust 393% GR Grand River Bank 324% UB Union Bank 309% HV Huron Valley State Bank 304% WM West Michigan Community Bank 303% HB Honor Bank 301% NB Northstar Bank 298% CS Citizens State Bank 291% BM Bank Michigan 274% MB Mi Bank 269% FC First Community Bank 268% MS Miners State Bank 261% CB Choiceone Bank 257% HC Highpoint Community Bank 246% CU Community Unity Bank 230% CN Capitol National Bank 225% MB Mercantile Bank 222% SS Shelby State Bank 221% Bo Bank of Ann Arbor 212% UP Upper Peninsula State Bank 209% FS First State Bank 205% IB Isabella Bank 201% PS Peoples State Bank of Munising 196%

8 of the 72 banks sit above the 300% screen, First National Bank of Michigan the highest at 480% of capital; the median is 146%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenMichigan banks, 30 June 2026 · the guidance's first prong; listed largest first · the 25 highest of 72 · amber, in the catalogue
state median 27% 100% screen DB Dart Bank 105% CS Citizens State Bank 76% CN County National Bank 74% SS State Savings Bank 69% IB Isabella Bank 64% UB Union Bank 63% HB Honor Bank 63% WM West Michigan Community Bank 55% MS Miners State Bank 54% AS Alden State Bank 53% WS West Shore Bank 53% RB Range Bank 53% MB Mercantile Bank 52% SB Sturgis Bank & Trust Co. 52% TB Thumb Bank & Trust 51% UB United Bank of Michigan 51% FS First State Bank 47% FN First National Bank of Michigan 45% KC Kalamazoo County State Bank 42% IB Independent Bank 42% CS Charlevoix State Bank 41% FN First National Bank of America 41% SS Shelby State Bank 40% NB Northstar Bank 38% TB Tri-county Bank 37%

1 of the 72 bank sits above the 100% construction screen, Dart Bank the highest at 105%; the median is 27%.

Loans to depositsMichigan banks, 30 June 2026 · listed highest first · the 25 highest of 72 · amber, in the catalogue
state median 85% FN First National Bank of America 162% NB Northpointe Bank 129% CN Capitol National Bank 105% UB University Bank 103% CN County National Bank 103% FN First National Bank of Michigan 102% NB Northstar Bank 102% UB Union Bank 102% UP Upper Peninsula State Bank 102% DF Dearborn FSB 100% BM Bank Michigan 99% WM West Michigan Community Bank 97% BP Bay Port State Bank 97% UB United Bank of Michigan 97% MB Mercantile Bank 96% GR Grand River Bank 96% MB Mi Bank 95% FC First Community Bank 95% TB Tri-county Bank 94% B Baybank 94% Bo Bank of Ann Arbor 94% CU Community Unity Bank 94% HB Honor Bank 94% HV Huron Valley State Bank 93% OB Oxford Bank 92%

10 of the 72 lend more than they hold in deposits, First National Bank of America the furthest at 162%; the median is 85%.

Nonperforming loans, share of loansMichigan banks, 30 June 2026 · listed highest first · the 25 highest of 71 · amber, in the catalogue
state median 0.66% PS Peoples State Bank of Munising 3.39% FN First National Bank & Trust Co. 3.22% CN County National Bank 2.62% OB Oxford Bank 2.26% MS Mayville State Bank 2.09% HS Huron State Bank 2.05% B Baybank 2.02% FN First National Bank of America 1.90% DB Dart Bank 1.75% HV Huron Valley State Bank 1.70% BS Blissfield State Bank 1.69% GW G W Jones Exchange Bank 1.64% CN Capitol National Bank 1.49% CN Citizens National Bank of Cheboyg… 1.47% WM West Michigan Community Bank 1.40% CS Chelsea State Bank 1.33% TB Tri-county Bank 1.30% WS West Shore Bank 1.24% EC Eaton Community Bank 1.23% NB Northpointe Bank 1.23% UP Upper Peninsula State Bank 1.09% UB Union Bank 1.07% BM Bank Michigan 1.03% CB Choiceone Bank 1.00% IB Independent Bank 0.99%

Peoples State Bank of Munising carries the most nonperforming loans at 3.39% of the book; 24 of the 72 are above 1%, and the median is 0.66%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%0.50%1.00%1.50%2.00%2.50%NPA / loansAllowance / loansASAlden State Bank+2.27%SSSidney State Bank+1.61%HCHuron Community Bank+1.43%RBRange Bank+1.31%FIFirst Independence Bank+1.28%sS1st State Bank+1.25%CUCommunity Unity Bank+1.25%SSShelby State Bank+1.18%FCFirst Community Bank+1.16%HBHonor Bank+1.13%HCHighpoint Community Bank+1.09%LSLake-osceola State Bank+1.03%TBThumb Bank & Trust+1.03%CSCentral Savings Bank+1.02%MBMercantile Bank+1.02%UBUnited Bank of Michigan+1.00%HSHomestead Savings Bank+1.00%MSMiners State Bank+0.97%GRGrand River Bank+0.97%BoBank of Ann Arbor+0.96%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 18 of the 72 hold an allowance smaller than their nonperforming loans.

Return on assetsMichigan banks, 30 June 2026 · listed highest first · the 25 highest of 72 · amber, in the catalogue
state median 1.14% JC JPMorgan Chase Bank Dearborn 2.84% FN First National Bank of America 2.78% CS Charlevoix State Bank 2.33% TB Tri-county Bank 2.25% FB First Bank Upper Michigan 2.02% Bo Bank of Ann Arbor 1.99% CS Central Savings Bank 1.97% FI First Independence Bank 1.95% SS Sidney State Bank 1.92% FC First Community Bank 1.90% CN Capitol National Bank 1.85% CB Century Bank & Trust 1.84% PA Port Austin State Bank 1.81% MB Macatawa Bank National Association 1.80% CS Citizens State Bank 1.76% AS Alden State Bank 1.75% TB Thumb Bank & Trust 1.64% MB Mercantile Bank 1.60% LS Lake-osceola State Bank 1.59% CS Chelsea State Bank 1.58% RB Range Bank 1.47% WM West Michigan Community Bank 1.45% EM Eastern Michigan Bank 1.44% UP Upper Peninsula State Bank 1.42% HB Honor Bank 1.34%

JPMorgan Chase Bank Dearborn earns the most at 2.84% and Community Unity Bank the least at -1.64%; 5 of the 72 earn under 0.50%, and the median is 1.14%.

The efficiency ratio, with the return beside itMichigan banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · the 25 lowest of 72 · amber, in the catalogue
state median 64.6% JC JPMorgan Chase Bank Dearborn 0.1% ROA 2.84% FN First National Bank of America 26.6% ROA 2.78% TB Tri-county Bank 39.5% ROA 2.25% CS Citizens State Bank 42.1% ROA 1.76% MB Macatawa Bank National Association 44.0% ROA 1.80% CS Central Savings Bank 44.7% ROA 1.97% Bo Bank of Ann Arbor 44.7% ROA 1.99% SS Sidney State Bank 50.7% ROA 1.92% AS Alden State Bank 50.8% ROA 1.75% WM West Michigan Community Bank 51.7% ROA 1.45% NB Northpointe Bank 51.9% ROA 1.30% PA Port Austin State Bank 54.4% ROA 1.81% MB Mercantile Bank 54.9% ROA 1.60% CB Century Bank & Trust 55.9% ROA 1.84% CS Charlevoix State Bank 56.9% ROA 2.33% CN Capitol National Bank 57.0% ROA 1.85% TB Thumb Bank & Trust 57.3% ROA 1.64% LS Lake-osceola State Bank 57.5% ROA 1.59% FN First National Bank of Michigan 58.7% ROA 0.99% CB Choiceone Bank 58.9% ROA 1.24% FB First Bank Upper Michigan 59.0% ROA 2.02% RB Range Bank 59.2% ROA 1.47% UP Upper Peninsula State Bank 60.7% ROA 1.42% sS 1st State Bank 60.9% ROA 1.34% NB Northstar Bank 61.4% ROA 1.29%

JPMorgan Chase Bank Dearborn runs the leanest at 0.1% of revenue in cost; 10 of the 72 spend more than 80 cents of every revenue dollar, and the median is 64.6%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
Northpointe Bank$7.5B+16.5%1.8%129%1.23%1.30%9.4%
First National Bank of America$6.8B+5.2%5.9%162%1.90%2.78%8.1%
Mercantile Bank$6.2B+0.6%36.7%96%0.10%1.60%11.7%
Independent Bank$5.7B+6.1%23.5%90%0.99%1.34%9.1%
Choiceone Bank$4.5B+5.1%36.1%85%1.00%1.24%11.7%
Macatawa Bank National Association$3.7B+54.3%16.7%92%0.08%1.80%15.1%
Bank of Ann Arbor$3.5B-1.2%37.4%94%0.27%1.99%14.3%
Isabella Bank$2.2B+13.8%26.4%86%0.49%1.10%8.8%
Southern Michigan Bank & Trust$1.7B+7.1%46.9%91%0.92%0.85%9.3%
Dart Bank$1.5B-0.5%19.4%92%1.75%1.01%8.1%
County National Bank$1.4B+6.4%21.2%103%2.62%1.00%9.2%
First State Bank$1.3B+15.9%26.2%87%0.81%1.23%9.7%
University Bank$1.2B+11.2%8.6%103%0.41%1.06%9.6%
West Michigan Community Bank$1.2B+12.7%32.2%97%1.40%1.45%8.8%
Northstar Bank$1.2B+12.0%31.3%102%0.80%1.29%8.7%
Five years, 2021 to 2026the 71 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$32.0B$55.7B+74%
Deposits, in total$41.3B$57.9B+40%
NPA / loans, median0.35%0.68%+0.33 pts
Efficiency, median65.1%64.6%-0.5 pts
ROA, median1.01%1.15%+0.14 pts

Small-business lending

SBA 7(a) approvals into Michigan since FY2008, across every lender type

$12.9B of 7(a) credit has been approved into Michigan since FY2008 across 39,460 loans. Accommodation & food services is the largest category at 16.5%, Retail trade at 14.8%, Manufacturing at 13.6%; the three together are 45% of the money. The heaviest losses fall in Wholesale trade, at 2.65% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 365 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
TH The Huntington National Bank 27.6% $3.6B · 19,640 loans FT Fifth Third Bank 7.0% $901M · 2,020 loans LO Live Oak Banking Company 4.8% $622M · 480 loans CB Choiceone Bank 3.3% $424M · 806 loans JC JPMorgan Chase Bank, National Ass… 2.6% $340M · 2,077 loans ON Old National Bank 2.6% $333M · 442 loans BB Byline Bank 1.8% $232M · 216 loans FI First Internet Bank of Indiana 1.7% $216M · 160 loans FM First Merchants Bank 1.7% $213M · 423 loans Bo Bank of Ann Arbor 1.6% $209M · 389 loans IB Independent Bank 1.5% $198M · 362 loans CB Celtic Bank Corporation 1.4% $187M · 372 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Accommodation & food services17.3%$2.1B · 4,716 loansRetail trade15.5%$1.9B · 5,334 loansManufacturing14.3%$1.8B · 3,565 loansHealth care & social assistance9.6%$1.2B · 3,165 loansOther services8.2%$1.0B · 3,350 loansConstruction7.5%$917M · 4,344 loansProfessional & technical services6.6%$812M · 2,906 loansTransportation & warehousing5.1%$628M · 5,251 loansWholesale trade4.5%$552M · 1,396 loansArts, entertainment & recreation4.2%$514M · 1,184 loansAdministrative & waste services4.1%$501M · 1,874 loansReal estate & leasing3.2%$393M · 779 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Accommodation & food services$2.1B4,71616.5%$28M1.32%
Retail trade$1.9B5,33414.8%$36M1.91%
Manufacturing$1.8B3,56513.6%$30M1.73%
Health care & social assistance$1.2B3,1659.1%$10M0.86%
Other services$1.0B3,3507.9%$17M1.64%
Construction$917M4,3447.1%$15M1.64%
Professional & technical services$812M2,9066.3%$17M2.04%
Transportation & warehousing$628M5,2514.9%$12M1.86%
Wholesale trade$552M1,3964.3%$15M2.65%
Arts, entertainment & recreation$514M1,1844.0%$12M2.28%
Administrative & waste services$501M1,8743.9%$12M2.40%
Real estate & leasing$393M7793.1%$5M1.37%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
Oakland$2.5B6,740187
Wayne$1.8B5,621168
Macomb$1.2B4,483129
Kent$1.1B4,292126
Ottawa$500M1,63779
Washtenaw$474M1,12094
Genesee$432M1,33690
Kalamazoo$306M87686
Ingham$303M91288
Livingston$297M74272

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any Michigan institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 3 November 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in Michigan

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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