Vitals
  • Total Assets
    190.7M 6.5 %
  • Total Deposits
    149.0M 13.9 %
  • Total Net Loans
    146.1M 7.5 %
  • Net Income
    3.7M 2.2 %
  • Book Value
    18.9M -46.3 %
  • Book Value x2
    37.9M -46.3 %
  • Book Value x3
    56.8M -46.3 %
ROAA

1.98

ROAE

16.856

Efficiency Ratio

56.721

Net Interest Margin

4.458

Balance Sheet Highlights
Financial Highlights First Bank, Upper Michigan All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 190,743 330,697
Total Net Loans 146,102 227,599
Total Deposits 149,025 278,247
Total Equity 18,926 33,935
Profitability
Net Income 3,689 3,589
Return on Average Assets 1.98 .954
Return on Average Equity 16.856 8.772
Net Interest Margin 4.458 3.821
Efficiency Ratio 56.721 71.925
Noninterest Income/Revenue 22.112 24.061
Balance Sheet Ratios
Loan-to-Deposit 98.039 76.845
Securities/Assets .142 .16
Total Equity/Total Assets .099 .103
Tangible Equity/Tangible Assets .098 .098
Capital Adequacy
Tier 1 Common Capital 17,251 32,553
Tier 1 Capital 17,251 32,664
Tier 2 Capital 1,856 2,479
Total Capital 19,107 35,133
Total Risk Weighted Assets 148,036 242,208
Leverage Ratio 9.02 10.341
Common Equity Tier 1 Capital Ratio 11.65 15.339
Tier 1 Capital Ratio 11.65 15.393
Total Capital Ratio 12.91 16.423

Timeline for First Bank, Upper Michigan

Lasco Development Corporation

Lasco Development Corporation became a new subsidiary organization for First Bank, Upper Michigan.

View Profile Jan 01 2015

Insurance Agency Four

Insurance Agency Four became a new subsidiary organization for First Bank, Upper Michigan.

View Profile Feb 05 1997

First Bancshares Corporation

First Bancshares Corporation became a new parent organization for First Bank, Upper Michigan.

View Profile Jul 01 1992

First Bank, Upper Michigan

First Bank, Upper Michigan was established 107 years ago and is currently headquartered in Gladstone, MI.

Aug 14 1916
Relationships Role Relationship Start Relationship End
First Bancshares Corporation Parent 7/1/1992
Lasco Development Corporation Subsidary 12/1/2015
Insurance Agency Four Subsidary 6/30/2007
Lasco Development Corporation Subsidary 1/1/2015 11/30/2015
Insurance Agency Four Subsidary 2/5/1997 6/29/2007
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