Banktracker

See All Banks

FIRST BANK, UPPER MICHIGAN

Gladstone, MI

Latest Health Report

Latest Update: Dec. 31, 2020

Assets
$528,022,000
Deposits
$438,207,000
Loans
$356,422,000
Loan Loss Provision
$900,000
Profit
$9,880,000
Capital
$53,828,000
Reserves
$5,002,000
Past Due 90 Days
$160,000
Nonaccrual
$4,802,000
Other Real Estate Owned
$417,000
Capital Plus Reserves
$58,830,000
Total Troubled Assets
$5,379,000
Troubled Asset Ratio
9.14

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
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
2015 $179,038,000 $130,881,000 $135,939,000 $3,611,000 $35,434,000 $3,338,000 9.42