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FIRST BANK, UPPER MICHIGAN
Gladstone, MI
Latest Health Report
Latest Update: June 30, 2022
- Assets
- $589,573,000
- Deposits
- $510,631,000
- Loans
- $359,288,000
- Loan Loss Provision
- $ 300,000
- Profit
- $4,093,000
- Capital
- $57,531,000
- Reserves
- $5,543,000
- Past Due 90 Days
- $ 312,000
- Nonaccrual
- $3,470,000
- Other Real Estate Owned
- $216,000
- Capital Plus Reserves
- $ 63,074,000
- Total Troubled Assets
- $ 3,998,000
- Troubled Asset Ratio
- 6.34
Past reports
| Year | Assets | Deposits | Loans | Profit | Capital + Reserves | Total Troubled Assets | Troubled Asset Ratio |
|---|---|---|---|---|---|---|---|
| 2021 | $596,789,000 | $505,200,000 | $354,285,000 | $10,562,000 | $ 63,540,000 | $ 4,628,000 | 7.28 |
| 2020 | $528,022,000 | $438,207,000 | $356,422,000 | $9,880,000 | $ 58,830,000 | $ 5,379,000 | 9.14 |
| 2019 | $468,903,000 | $382,634,000 | $341,850,000 | $8,617,000 | $ 53,983,000 | $ 6,128,000 | 11.35 |
| 2018 | $473,516,000 | $392,242,000 | $338,404,000 | $7,502,000 | $ 49,655,000 | $ 6,772,000 | 13.64 |
| 2016 | $190,743,000 | $149,025,000 | $146,102,000 | $3,689,000 | $ 19,530,000 | $ 3,586,000 | 18.36 |