Bank · FDIC insured
First National Bank of St. Ignace
A $335.8M bank headquartered in St. Ignace, MI, with 7 branches in Michigan. Best rates: savings 0.40% APY.
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. Auto loans: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all). Credit cards: no rates found on its website.
- Savings760.40%at $10,000Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First National Bank of St. Ignace
Granted a national banking charter in 1888, First National Bank of St. Ignace is headquartered on North State Street in St. Ignace, Michigan.
The Brown family owns a controlling share of the bank's stock, and Mackinac National Bancorp was formed in 2018 through a stock reorganization plan.
The bank operates seven branch offices in Michigan's eastern Upper Peninsula, including Mackinac Island, Cedarville, Naubinway, Newberry, and the St. Ignace area.
- Headquarters
- 132 N State St, St. Ignace, MI 49781
- FDIC certificate
- 5074 ↗
Branches
7 branches in Michigan
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Michigan
7 branches
St. Ignace area · 3
- The First National Bank of St. IgnaceMain office132 N State St, St. Ignace, MI 49781Directions
- Moran Township Branch920 Us Highway 2 W, St. Ignace, MI 49781Directions
- North Bay Branch580 N State St, St. Ignace, MI 49781Directions
Cedarville area · 1
- Cedarville Branch192 South Meridian Street, Cedarville, MI 49719Directions
Mackinac Island area · 1
- Mackinac Island Branch7399 Market St, Mackinac Island, MI 49757Directions
Naubinway area · 1
- West Mackinac BranchW11635 Us Highway 2, Naubinway, MI 49762Directions
Newberry area · 1
- Newberry Branch1014 Newberry Ave, Newberry, MI 49868Directions
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 | 7.78% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.65% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.63% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $35 | $81 | — |
- CapitalLeverage ratio7.78%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.65%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.63%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$35Peers’ 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 First National Bank of St. Ignace are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.