| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | The First National Bank of St. Ignace | Bank | 6 | $268.4M | 52.82% |
| 2 | U.P. State Credit Union | Credit union | 2 | $60.5M* | 11.91% |
| 3 | Soo Co-Op Credit Union | Credit union | 1 | $46.9M* | 9.23% |
| 4 | 4Front Credit Union | Credit union | 1 | $40.4M* | 7.96% |
| 5 | Central Savings Bank | Bank | 3 | $33.2M | 6.54% |
| 6 | Tahquamenon Area Credit Union | Credit union | 1 | $31.1M* | 6.13% |
| 7 | The State Savings Bank of Manistique | Bank | 1 | $27.5M | 5.41% |
* Credit-union deposits are estimated (June total shares spread evenly across branches).
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2026 | $508.0M | 7 | 15 | The First National Bank of St. Ignace | 52.8% | 3,190 |
| 2025 | $506.4M | 7 | 15 | The First National Bank of St. Ignace | 50.3% | 2,969 |
| 2024 | $416.0M | 6 | 14 | The First National Bank of St. Ignace | 58.7% | 3,834 |
| 2023 | $491.9M | 7 | 15 | The First National Bank of St. Ignace | 51.8% | 3,212 |
| 2022 | $493.7M | 7 | 15 | The First National Bank of St. Ignace | 55.1% | 3,447 |
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