First Bank, Upper Michigan vs The Miners State Bank
Comparing a Bank in Gladstone, MI with a Bank in Iron River, MI using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| First Bank, Upper Michigan ↗ Bank · Gladstone, MI · Est. 1916 | The Miners State Bank ↗ Bank · Iron River, MI · Est. 1932 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Bank | Bank |
| Location | Gladstone, MI | Iron River, MI |
| Total assets | $632.1M | $141.3M |
| Capital ratio | 13.1% | 10.9% |
| Return on assets | 1.9% | 1.2% |
| Deposits | $532.1M | $124.3M |
| Branches | 9 | 6 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #5 of 73 | #3 of 73 |
| Established | 1916 | 1932 |
First Bank, Upper Michigan
- Assets: $632.1M
- Deposits: $532.1M
- Capital ratio: 13.1%
- Return on assets: 1.9%
- CFPB complaints: 0
- State rank: #5 of 73
The Miners State Bank
- Assets: $141.3M
- Deposits: $124.3M
- Capital ratio: 10.9%
- Return on assets: 1.2%
- CFPB complaints: 0
- State rank: #3 of 73
Are both institutions federally insured?
Yes. First Bank, Upper Michigan is FDIC-insured and The Miners State Bank is FDIC-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, First Bank, Upper Michigan or The Miners State Bank?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — First Bank, Upper Michigan scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is First Bank, Upper Michigan safe?
Yes — First Bank, Upper Michigan is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is The Miners State Bank safe?
Yes — The Miners State Bank is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of First Bank, Upper Michigan vs The Miners State Bank?
First Bank, Upper Michigan has a capital ratio of 13.1%, placing it in the top 19% of $100M–1B peers. The Miners State Bank's ratio is 10.9%, placing it in the top 39% of $100M–1B peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does First Bank, Upper Michigan have compared to The Miners State Bank?
The CFPB database shows 0 complaints against First Bank, Upper Michigan, and 0 complaints against The Miners State Bank. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare First Bank, Upper Michigan with other Banks in Michigan
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
