First National Bank & Trust Co.: how it compares with its peers
Against 31 MI banks with half to twice its assets, First National Bank & Trust Co.'s strongest measure in Q2 2026 is efficiency ratio (66.99% vs. a 62.79% peer median). Its weakest relative measure is net interest margin (3.91% vs. 4.23%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.85% | 1.35% | Bottom third Ahead of 29% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.91% | 4.23% | Bottom third Ahead of 26% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 66.99% | 62.79% | Middle third Ahead of 39% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.8M | $6.3M | Bottom third Ahead of 32% of peers |
| Loans to deposits Net loans and leases over total deposits. | 64.18% | 74.23% | Context |
What it means for lending operations
Its efficiency ratio of 66.99% is above the 62.79% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Union Bank Grand Rapids, MI · $397M
- The Shelby State Bank Shelby, MI · $397M
- Upper Peninsula State Bank Escanaba, MI · $372M
- First Community Bank Harbor Springs, MI · $414M
- Chelsea State Bank Chelsea, MI · $417M
- State Savings Bank Frankfort, MI · $431M
Questions about First National Bank & Trust Co.
How big is First National Bank & Trust Co.?
First National Bank & Trust Co., established in 1887, is headquartered in Iron Mountain, MI. It reported $386M in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is First National Bank & Trust Co.'s return on assets?
0.85% annualized in Q2 2026, against a 1.35% median for 31 MI banks with half to twice its assets, ahead of 29% of them.
What is First National Bank & Trust Co.'s efficiency ratio?
66.99% in Q2 2026: it spent about 67 cents in noninterest expense for each dollar of revenue. The peer median is 62.79%, and lower is better.
Is First National Bank & Trust Co. growing its loans?
Net loans grew 7.5% over the year to Q2 2026, while deposits shrank 1.4%.
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.