First Bank, Upper Michigan
Gladstone, MI · Owner: First Bancshares Corp
$629M
total assets, June 30, 2026
$629M
total assets, June 30, 2026
First Bank, Upper Michigan is a state nonmember bank based in Gladstone, MI, owned by First Bancshares Corp. As of June 30, 2026 it held $629.5 million in assets and $528.3 million in deposits; assets were up 1.7% from a year before. It has 9 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$629M
+1.7% in a year · -0.4% in a quarter
Deposits
$528M
+2.0% in a year · -0.7% in a quarter
Loans
$451M
+2.9% in a year · +1.2% in a quarter
Profit so far
$6.4M
Jan 1 to Jun 30, 2026 · +20.0% in a year
Capital ratio
12.68%
+0.75 pts in a year
Return on assets
2.03%
+0.30 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1400 Delta Ave, Gladstone, MI, 49837
- County
- Delta
- Holding company
- First Bancshares Corp
- Established
- Aug 14, 1916
- Employees
- 122
- Branches
- 9
- Website
- www.first-bank.com
- Id
- b14276
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
9 offices as of June 30, 2026, holding $528.3 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Michigan | 9 | $528M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| 1502 W Washington Branch | Marquette, MI | $132M |
| Escanaba Branch | Escanaba, MI | $101M |
| Escanaba Branch | Escanaba, MI | $76.7M |
| First Bank, Upper Michigan (main office) | Gladstone, MI | $73.7M |
| 600 S Carpenter Branch | Kingsford, MI | $67.9M |
| Iron Mountain Branch | Iron Mountain, MI | $27.9M |
| Bark River Branch | Bark River, MI | $19.0M |
| Palms Avenue Branch | Ishpeming, MI | $14.7M |
| Garden Branch | Garden, MI | $14.6M |
Related pages
Questions and answers
How big is First Bank, Upper Michigan?
$629.5 million in total assets and $528.3 million in deposits as of June 30, 2026, with assets up 1.7% from a year before. Its loans were $451.2 million.
How many branches does First Bank, Upper Michigan have?
9 branches in Michigan as of June 30, 2026.
Is First Bank, Upper Michigan profitable?
Yes: it earned $6.41 million from January 1 to June 30, 2026 (up 20.0% from the same months a year before). Its return on assets was 2.03% a year; about 1% is typical.
Who owns First Bank, Upper Michigan?
First Bank, Upper Michigan is owned by First Bancshares Corp, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.