This institution is no longer active

Operations ceased on September 30, 1997. CRA examination history below reflects the period it was active.

FMB-SAULT BANK

SAULT STE. MARIE, MI · Supervised by FDIC

Est. 1886FDIC #1,096RSSD: FDIC-1096

Part ofFIRST MICHIGAN BANK CORP→ View all charters

Outstanding Same

Current rating · Exam: May 1997

CompareWatch

At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Strong

ROA 1.09%

Is this bank safe?

FMB-SAULT BANK earned an Outstanding CRA rating (1997), and is financially strong (ROA +1.09%).

Institution Profile

FDIC BankFind

Address

511-515 Ashmun Street, SAULT STE. MARIE, MI

County

Chippewa County

Established

November 20, 1886

Total Assets

$135M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

May 1, 1997

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 29 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 1997Call Report / FDIC

Total Assets

$135M

Total Deposits

$116M

Net Loans

$93M

Net Income

$710K

ROA

1.09%

Above avg for Small banks. Peer avg: 0.44%

ROE

15.39%

Risk-Based Capital

11.56%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA1.09%Peer avg: 0.44%▲ Above avg

Risk-Based Capital11.56%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

Exam Date	Rating	Exam Type
May 1997	Outstanding	Small Bank
Jul 1994	Outstanding	Not Reported
Jul 1992	Outstanding	Not Reported

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

Embed this rating

Copy this snippet to embed a live rating badge on your website:

<iframe
  src="https://bankscorer.com/widget/bank/fmb-sault-bank"
  width="320"
  height="80"
  frameborder="0"
  scrolling="no"
  style="border:none"
></iframe>

Updates automatically when the rating changes.

Preview: