MI lenders / Community Bank
First Bank, Upper Michigan
Community Bank · Gladstone, MI · First Bancshares Corp
- Total assets
- $632.1M
- CRE loan book
- $193.0M
- QoQ CRE growth
- -0.4%
- Q1 2026
Observed rates
Book yield — real-estate loans
Implied yield on the existing real-estate loan book: 5.49% as of Q1 2026 — TX bank median 4.87% (0.63pp above median).
| Quarter | RE loan yield | All loans & leases |
|---|---|---|
| Q1 2026 | 5.49% | 6.82% |
| Q4 2025 | 5.68% | 6.92% |
| Q3 2025 | 5.62% | 6.90% |
| Q2 2025 | 5.53% | 6.80% |
| Q1 2025 | 5.57% | 6.64% |
| Q4 2024 | 5.76% | 6.58% |
| Q3 2024 | 5.97% | 6.63% |
| Q2 2024 | 5.52% | 6.18% |
What their existing real-estate book earns — an anchor for where new money gets priced. Source: FFIEC Call Reports.
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CRE book — quarterly trend (FFIEC Call Reports)
| Quarter | CRE loans | Construction | Multifamily | Concentration | Nonaccrual CRE |
|---|---|---|---|---|---|
| Q1 2026 | $193.0M | $23.1M | $1.8M | 72% | $836,000 |
| Q4 2025 | $193.8M | $27.7M | $1.8M | 79% | $618,000 |
| Q3 2025 | $191.4M | $25.3M | $1.6M | 78% | $628,000 |
| Q2 2025 | $190.7M | $23.2M | $2.0M | 77% | $641,000 |
| Q1 2025 | $187.2M | $24.8M | $839,000 | 82% | $656,000 |
| Q4 2024 | $183.1M | $24.5M | $845,000 | 83% | $145,000 |
| Q3 2024 | $185.3M | $24.4M | $850,000 | 92% | $189,000 |
| Q2 2024 | $187.4M | $25.3M | $875,000 | 86% | $564,000 |
Similar lenders
Other community banks we track with a comparable CRE book size.
- The Killbuck Savings Bank CompanyCommunity Bank · Killbuck · $193.0M CRE book
- First Lockhart BankCommunity Bank · Lockhart · $192.5M CRE book
- Highpoint Community BankCommunity Bank · Hastings · $193.6M CRE book
- FNBC Bank & TrustCommunity Bank · La Grange · $193.9M CRE book
- Golden Valley BankCommunity Bank · Chico · $194.0M CRE book
Last updated Jul 3, 2026 · Sources: FFIEC CDR, county records, first-party conversations.