First Bank, Upper Michigan: how it compares with its peers
Against 35 MI banks with half to twice its assets, First Bank, Upper Michigan's strongest measure in Q2 2026 is return on assets (2.03% vs. a 1.29% peer median). Its weakest relative measure is assets per employee ($5.2M vs. $6.1M).
| Measure | First Bank, Upper Michigan | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.03% | 1.29% | Top third Ahead of 91% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.39% | 4.12% | Top third Ahead of 69% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.55% | 63.02% | Top third Ahead of 74% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.2M | $6.1M | Bottom third Ahead of 17% of peers |
| Loans to deposits Net loans and leases over total deposits. | 84.43% | 76.54% | Context |
What it means for lending operations
Its efficiency ratio of 58.55% is better than the 63.02% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Tri-County Bank Brown City, MI · $639M
- Range Bank Marquette, MI · $604M
- Highpoint Community Bank Hastings, MI · $592M
- Thumb Bank and Trust Pigeon, MI · $673M
- Citizens State Bank Royal Oak, MI · $581M
- Eastern Michigan Bank Croswell, MI · $554M
Questions about First Bank, Upper Michigan
How big is First Bank, Upper Michigan?
First Bank, Upper Michigan, established in 1916, is headquartered in Gladstone, MI. It reported $629M in total assets in its Q2 2026 FDIC call report and operates 8 offices.
What is First Bank, Upper Michigan's return on assets?
2.03% annualized in Q2 2026, against a 1.29% median for 35 MI banks with half to twice its assets, ahead of 91% of them.
What is First Bank, Upper Michigan's efficiency ratio?
58.55% in Q2 2026: it spent about 59 cents in noninterest expense for each dollar of revenue. The peer median is 63.02%, and lower is better.
Is First Bank, Upper Michigan growing its loans?
Net loans grew 2.9% over the year to Q2 2026, while deposits grew 2.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MI banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Michigan bank ranked.