Bank · FDIC insured
Citizens National Bank
A $471M bank headquartered in Cheboygan, MI, with 9 branches in Michigan.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: rates are not published online. Savings: published rates need another account or activity, so they are not scored. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- Savings—1.00%Needs another account or monthly activitySavings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Citizens National Bank
Citizens National Bank of Cheboygan is a bank headquartered in Cheboygan, Michigan, chartered in 1931 and entirely owned by CNB Corporation.
It serves seven communities in lower northern Michigan, including Cheboygan, Onaway, Mackinaw City, Pellston, Indian River, Alanson, and Petoskey.
- Headquarters
- 303 N Main St, Cheboygan, MI 49721
- FDIC certificate
- 5018 ↗
Branches
9 branches in Michigan
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Michigan
9 branches
Petoskey area · 4
- Alanson Branch8011 S Us 31 Hwy, Alanson, MI 49706Directions
- Mackinaw Branch580 S Nicolet St, Mackinaw City, MI 49701Directions
- Pellston Branch200 Stimpson Dr, Pellston, MI 49769Directions
- Petoskey Branch324 Michigan Street, Petoskey, MI 49770Directions
Cheboygan area · 3
- Citizens National Bank of CheboyganMain office303 N Main St, Cheboygan, MI 49721Directions
- Inverness Branch10854 N Straits Hwy, Cheboygan, MI 49721Directions
- Main Drive-In Branch414 Division St, Cheboygan, MI 49721Directions
Indian River area · 1
- The Indian River Branch3990 S Straits Hwy, Indian River, MI 49749Directions
Onaway area · 1
- Onaway Branch20581 State St, Onaway, MI 49765Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.49% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.47% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.73% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $62 | $81 | — |
- CapitalLeverage ratio8.49%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.47%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.73%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$62Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Citizens National Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.