| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | First Bank, Upper Michigan | Bank | 5 | $285.6M | 23.77% |
| 2 | Upper Peninsula State Bank | Bank | 2 | $266.3M | 22.17% |
| 3 | Peninsula Federal Credit Union | Credit union | 2 | $160.5M* | 13.36% |
| 4 | Baybank | Bank | 3 | $145.8M | 12.14% |
| 5 | Embers Credit Union | Credit union | 2 | $136.1M* | 11.33% |
| 6 | Great Lakes First Federal Credit Union | Credit union | 2 | $96.2M* | 8.01% |
| 7 | Flagstar Bank, National Association | Bank | 1 | $56.7M | 4.72% |
| 8 | U.P. State Credit Union | Credit union | 1 | $30.3M* | 2.52% |
| 9 | Nicolet National Bank | Bank | 1 | $19.7M | 1.64% |
| 10 | Rock Community Federal Credit Union | Credit union | 1 | $4.1M* | 0.34% |
* Credit-union deposits are estimated (June total shares spread evenly across branches).
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2026 | $1.20B | 10 | 20 | First Bank, Upper Michigan | 23.8% | 1,606 |
| 2025 | $1.21B | 10 | 20 | First Bank, Upper Michigan | 23.0% | 1,598 |
| 2024 | $1.14B | 10 | 20 | First Bank, Upper Michigan | 23.9% | 1,613 |
| 2023 | $1.17B | 10 | 20 | First Bank, Upper Michigan | 22.5% | 1,557 |
| 2022 | $1.21B | 10 | 21 | First Bank, Upper Michigan | 22.3% | 1,522 |
Every institution above links to its profile — ratios, peer medians and this quarter’s change signals. Pro adds the full table, share movement and CSV export.