# FIRST BANK UPPER MICHIGAN
GLADSTONE, MI · FDIC certificate 14276 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $629.5M | |
| Deposits | $528.3M | |
| Loans and leases | $451.2M | |
| Total equity | $83.5M | |
| Loans / deposits | 84.43% (p58 of band) | 82.04% |
| Liquid assets / assets | 21.23% (p36 of band) | |
| Uninsured deposits / deposits | 30.03% (p67 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.59% (p38 of band) | |
| FHLB advances / assets | 1.59% | |
| Tier 1 leverage | 12.68% (p76 of band) | 10.81% |
| Unrealized securities loss / equity | -7.81% (p51 of band) | -8.10% |
| AOCI / equity | -0.12% (p65 of band) | |
| ROA (annualized) | 2.03% (p87 of band) | 1.28% |
| Net interest margin | 4.39% (p77 of band) | 3.91% |
| Efficiency ratio | 58.55% (p42 of band) | |
| Noncurrent loans | 0.63% (p60 of band) | 0.43% |
| Net charge-offs (annualized) | 0.05% (p77 of band) | |
| Reserve coverage of noncurrent | 181.07% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 27.17% (p33 of band) | |
| Auto loans | $32.0M (7.09% of loans; DQ 3.31%, NCO 0.04%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 2.0% | |
| Employees | 122 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 2 | loans exceed deposits, reserve under noncurrent |  |
| 2011-09 | 1 |  | loans exceed deposits |
| 2011-12 | 2 | loans exceed deposits |  |
| 2012-03 | 3 | uninsured deposits leaving |  |
| 2012-06 | 4 | capital falling |  |
| 2012-09 | 1 |  | loans exceed deposits, uninsured deposits leaving, capital falling |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | noncurrent p90 |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 3 | assets shrinking |  |
| 2013-12 | 3 | charge-offs p90 | assets shrinking |
| 2014-03 | 2 |  | noncurrent p90 |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 3 | loans exceed deposits |  |
| 2015-03 | 3 |  |  |
| 2015-06 | 4 | capital falling |  |
| 2015-09 | 3 |  | reserve under noncurrent |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 | wholesale funding >15% | loans exceed deposits |
| 2016-06 | 4 | reserve under noncurrent |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 2 |  | charge-offs p90, capital falling |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | wholesale funding >15% |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | capital falling |  |
| 2018-09 | 1 |  | capital falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | noncurrent p90 |  |
| 2019-06 | 1 |  | noncurrent p90 |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | reserve under noncurrent |
| 2020-06 | 1 | reserve under noncurrent |  |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 0 |  | reserve under noncurrent, capital falling |
| 2021-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2021-06 | 1 | capital falling | charge-offs p90, reserve under noncurrent |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | AOCI drag >20% of equity |  |
| 2022-09 | 2 | securities losses >30% of equity |  |
| 2022-12 | 1 |  | securities losses >30% of equity |
| 2023-03 | 0 |  | AOCI drag >20% of equity |
| 2023-06 | 0 |  |  |
| 2023-09 | 2 | capital falling, securities losses >30% of equity |  |
| 2023-12 | 0 |  | capital falling, securities losses >30% of equity |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 1 | charge-offs p90 |  |
| 2024-12 | 0 |  | charge-offs p90 |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-12 [Crandall named First Bank’s regional VP - - ironmountaindailynews.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxQaTFzZWZkS3lIMTdxa2VJUTV0THdKS2dDZkN0Q3Y2ZHUxVVplQ3J3anpHSGVxNElEMHFZeFMtX3VrOWlldzJZRWJ0Q1RaS0ZQRFIwXzhjTU1uMWxvbUVXdmdMVGkzcnZEY1Q3RE43cTdmdGRaZzNSbWROb0M5MUlEd254SmFJVWIwdVNRVUdIMS1YaklLMzlaZkg2QVZTSG5B?oc=5) · ironmountaindailynews.com
- 2023-06-30 [Havican Promoted at First Bank - Northern Michigan University](https://news.google.com/rss/articles/CBMiXEFVX3lxTE03aXZ0a1YwRWJOU0dwbUY5NnFENTJUTms5bmExS2g0UXZiVTJjczAwZ1ZkOGFkTThKWmpYQ1NMMVRCUFliQ0JxZ3ZTOE1IcDlXTWJtaENaMXR2cTRT?oc=5) · Northern Michigan University
- 2026-07-20 [First Bank names Alex DeHaan as Assistant Vice President, Trust Officer - Upper Michigan's Source](https://news.google.com/rss/articles/CBMitwFBVV95cUxNbjVtWkRDR1dYR2NwazZ2SGpiek9ab2VPWUJhcXJMYklHOGFZX1JTSjg2X3pBempoN3JJQ2hGZ0pZVmVVVDZKdlZvbEplTDhhdWlXdUE0Wk5sR3VROUJLSng5dEpGc25HNW1QSlBVWDA3UHdJWlBFWUR1NVJOUEVIekx5MERfY3RpUGVucEFfdmNIUW0yYkwzM2V0WnZVcWl4V1AxMzdNTDJUQl8tRTJTVXYyeng1aDg?oc=5) · Upper Michigan's Source
- 2024-06-05 [Truscon joins First Bank Upper Michigan - - The Mining Journal](https://news.google.com/rss/articles/CBMimAFBVV95cUxNRUdSbUlCTjJQTEpvSDUyUHZOUk0yUGtqTkRxMmROTGdBdTJzcWhtdlUtNkNlSUZSR3BBb3U0RF9FQjZTUmJRbXlMcmRaeFdfclBQN0pBbEFPVFQ1aEc5UWd1WmRkQ2NPYldGVnBGbDZwWWM0SVRwRVVTdXJCTHE3MmZkSlpyOFotUld1Q0ktM3dkdS1tcjRlSw?oc=5) · The Mining Journal
- 2025-04-08 [Best Banks and Credit Unions in Michigan 2024 - Newsweek Rankings](https://news.google.com/rss/articles/CBMijwFBVV95cUxNemE4TFFGZFhsWDVlS2JUR2JKYzY1YzJseVY1a0hOU0ZPV3lEZFBYSExYYTdpS245ZURXUUJzVi02Y041ZDFfLUY4SWhIUUlvMl9FVGlRc04wQm5HbHRBWDREejBYQUs4MEs2WGFCci1UdWxXc3JESDAxX0M2cmNnLWxlVEcwdTdTRHd0OUdYaw?oc=5) · Newsweek Rankings
- 2018-05-30 [John P. Chapman Obituary - Visitation & Funeral Information - Erickson-Rochon-Nash Funeral Home](https://news.google.com/rss/articles/CBMickFVX3lxTE9ERGxXd2pDc3ljcVBqNE94Q3VVZjNqT1YxSzZlaEVsc3Axc0tueHd5WWVVNmFhN2NvQUVUcndMa2JPcWFUSWY5T3ZVejVlYldabGM5dHluNDFZMFVqX2sxR0FqLVZfVUJLX3o1M0JzYzJMdw?oc=5) · Erickson-Rochon-Nash Funeral Home
- 2025-01-08 [STATE OF MICHIGAN PROBATE COURT SCHOOLCRAFT COUNTY - Pioneer Tribune](https://news.google.com/rss/articles/CBMimgFBVV95cUxOZXE5QlFyMkdqdmVJdDgtNEhGWXFPRWxNaFUyUEJuQWlybGpuOVZMYzFxX2FEQm5uZkxHVHFXN0UzRnptdUIzV2hFSHN5ZHpaWjBhU1NqTExQLU5WMDZSTUYxWXp2RjA2c3NneHcxYWZ6cFloNi1GQUs1VGQ3X1ZfZVFzVnVvMTdhYXhfWDBIWHhoZlVoRjB2QnhR?oc=5) · Pioneer Tribune
- 2020-05-07 [Dagenais Foundation donates 20,000 masks to hospitals across the UP - Upper Michigan's Source](https://news.google.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?oc=5) · Upper Michigan's Source

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14276 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/4.json (key "14276", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide