# FIRSTBANK
MT. PLEASANT, MI · FDIC certificate 1597 · asset band $1-10B · latest filing 2014-03 · stopped filing (departed)

**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 | $1.25B | |
| Deposits | $1.06B | |
| Loans and leases | $797.7M | |
| Total equity | $120.3M | |
| Loans / deposits | 74.02% (p37 of band) | 80.83% |
| Liquid assets / assets | 31.79% (p62 of band) | |
| Uninsured deposits / deposits | 19.83% (p41 of band) | 22.76% |
| Brokered deposits | 1.93% | |
| Wholesale funding | 6.88% (p45 of band) | |
| FHLB advances / assets | 0.48% | |
| Tier 1 leverage | 8.21% (p14 of band) | 9.78% |
| Unrealized securities loss / equity | 0.85% (p73 of band) | -0.17% |
| AOCI / equity | 0.40% (p39 of band) | |
| ROA (annualized) | 0.80% (p42 of band) | 0.87% |
| Net interest margin | 3.81% (p71 of band) | 3.48% |
| Efficiency ratio | 72.28% (p66 of band) | |
| Noncurrent loans | 0.76% (p35 of band) | 1.07% |
| Net charge-offs (annualized) | 0.23% (p84 of band) | |
| Reserve coverage of noncurrent | 212.95% | |
| Real estate % of loans | 78% | |
| Construction % of loans | 31.42% (p53 of band) | |
| Auto loans | $28.7M (3.60% of loans; DQ 0.50%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | -1.7% | |
| Employees | 369 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 0 |  | reserve under noncurrent |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |

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

- 2026-05-25 [PNC names Dave Portman Roaring Fork Valley market executive as FirstBank transition moves ahead - Post Independent](https://news.google.com/rss/articles/CBMizgFBVV95cUxON25tUzduME5ZaEltVUd2aVVNMVMwM0ZNNjJWT0d0VFFwZHQwU2VVVXMtc080SHBCT3VUdnJHVXVVTExFUGFBekpPY2s2SEhKNm5QMlVGZ1c2bGxmVERTZ2VZMEI1dFNSSXRNanpRUkQzT2dMWU9tTVBfc2Qzb3l6T3kzaWpwc2ZCTlRUVkF4dzU1QVJ6YzNtZHJDa0tCVGpqZXB1eE5rOGliQ0ZQMzhoLWJVb2MxQnZLaThXdXQyUzFHd1ZhNVFhSU5WZ19QUQ?oc=5) · Post Independent
- 2026-04-23 [PNC to cut 777 FirstBank jobs this summer - Banking Dive](https://news.google.com/rss/articles/CBMitgFBVV95cUxOR2JqcXUzVGo4TU5BYUtpcEhyS2VQMFZBWlAwaW5IZFJTNlh0ZXVFcTBONGZsVlFsdk5qTWVycDBFb3piR2NtNTVkYlk5R21qdWMzU3R2T3ZjZ201NVRrQWpiQlhCU24tQ25yWl85RkU0ODB5Nk1ES0lrVW1mMl9VNEdnV1hPTG1DbTRqTWxMd2dOczZGWVhtUVduODBvRVNoMi1SVUxubjhTa20zQUYxaW1VcXUtQQ?oc=5) · Banking Dive
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-02-13 [FirstBank CEO Elected to Richmond Fed - The Pilot Newspaper](https://news.google.com/rss/articles/CBMivgFBVV95cUxPUDVEUGpNbHNUMGMzUEFDQVlrUTFNdDRoS2xLVUVuQndTUlR0UUw1bXI3NXNVMGtCaVpMM3FlRnNCam54eTl0ZmlxR2kzY0NFQUpVdEFCYkFKcHJVNVhGY1BWUWpaY3ZvZTUyMWl0b01QTUVJeUwtLUlhVXdLM0N6T0I2Q1Z6UG5HY1FBY1AxdnFLWTl3aWdvLV9RVW1PMjVVRUE2TkgycGtpN0ttN2RDZEdIRGZySkU3SFNWT2NR?oc=5) · The Pilot Newspaper
- 2026-01-02 [Small by SEC standards, FirstBank Stadium could host biggest FCS championship crowd - MontanaSports.com](https://news.google.com/rss/articles/CBMiygFBVV95cUxQVmZORWo5aTBRcy15TnNzbTBudDNMYmlraFB1MExlMFJ2MFlIUlQzaFloWEVSbUZxcWpYeFRzMjlvWGRnT2hjVjdPMzRreVIxV1cwSVFaeGM2Q1ptQ1dLdl80T2lVTDVHS1NNQldsUWZla1c0RFFhU3JVVmozTC02NTk1blhkTE1pSEV0QTdVbFRpdmwySVJneFNBTTlDblFKdXFJN0ZRTGZ6TFJVaDlYRXh4MV9yWGF4SWJMcnhQbTE0RnNBZS01QnBn?oc=5) · MontanaSports.com
- 2025-10-06 [Comerica faced pressure to sell, as Trump administration gives green light to bank deals - Detroit Free Press](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNZ2JsazB0VjZMLU1QWHd3VUprUFdDeklZcWJQREFRS3VIeHI2TVFZRWFQWnlJcTBtNnlKVnBJdDI4UjljV08zZXNKaFJzV0s5MmxTb29MNFU0UndMUFFvenZPbFJBNkVGWTlzNHhtV01SUEt1SmMyMHpSQ0NMd2RwaVRPS1JfVF9jSC1yMTJZN2lTU3ZuU1BlQjZ6bkdSUzMyU2thci10X0EzNEYwZ20wQlRWWmtqQVR6QjYySFp3VDc?oc=5) · Detroit Free Press
- 2014-07-22 [Mercantile Bank Corp. adjusts to its new size and territory after acquiring Firstbank and Keystone banks - MLive.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxPS0xCQzZaZWQya1FMX01ocU5Bd0RxeER5S3lrdnlVeGticDYyN2dHQ0hNRjNaTlMwOEtyMGlpMkthZ2Uzb2tpb3lETzhSSXpDTmlxS3hsaGpraVRKNzZET2Z6TTE3UXpWY0pHSmpuVFRZOTVqN2dsQXJFdG56N2c5eU5iZURRemNOODluMXA2MWpSdw?oc=5) · MLive.com
- 2025-01-21 [FirstBank - ColoradoBiz](https://news.google.com/rss/articles/CBMiTEFVX3lxTE1JcVlZRzEzOU5IOHFHOW1POU80aTdPa2RfQTBTQnVyNFNIZ2J3cFpkQVRBdWxmeVlvbUM1UE0tMm1lalRiMHZuUnhBNlA?oc=5) · ColoradoBiz

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1597 (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/61.json (key "1597", 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