Commercial Bank

Ithaca, MI
IDRSSD: 513340
Total Assets
$553.68M
Latest filing
Total Deposits
$478.00M
Latest filing
Net Interest Margin
4.26%
Profitability

Routing numbers

Primary routing transit numbers associated with this institution.

072403554ITHACA, MI

Key People

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Locations

Main office and branches. Select to view on the map.

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Main Office
Commercial Bank
101 N Pine River St
Ithaca, MI 48847
Full Service - Brick and Mortar
Updated 01/30/2026Established 08/29/1962FDIC Certificate 12471

Branches (10)

Page 1 of 2
NameAddressCity / State
Commercial Bank (Main)101 N Pine River StIthaca, MI
CEDAR STREET BRANCH661 N Cedar StMason, MI
MIDDLETON BRANCH101 N Newton StMiddleton, MI
WRIGHT AVENUE BRANCH1690 Wright AveAlma, MI
ST. LOUIS BRANCH104 N Mill StSaint Louis, MI
HASTINGS BRANCH629 W State StHastings, MI
GREENVILLE WEST BRANCH10530 W Carson City RdGreenville, MI
OKEMOS BRANCH2112 Jolly RdOkemos, MI
Showing 7 of 10

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date08/29/1962
Community BankYes
Ownership TypeNot Mutual
ZIP48847
State and County Number26057
Subchapter S CorporationsNo
Trust PowersN/A
Federal Reserve ID Number07
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictChicago
Core Based Statistical Area NameAlma, MI

Operational Info

Number of Employees97
Domestic Offices11
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date08/27/2024
Date of Deposit Insurance08/29/1962
Primary Insurance AgencyDIF
Websitewww.commercial-bank.com
Data Updated01/30/2026
CERT18584
Office of The Comptroller District:
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$553.68M
Total Deposits$478.00M
Total Liabilities$496.25M
Total Equity Capital$57.43M
Net Income$1.90M
Net Loans and Leases$367.94M
Assets Per Employee ($Millions)$5.65M
Bank Premises and Fixed Assets$10.21M
Cash and Balances due from Depository Institutions$57.37M
Deposits Held in Domestic Offices$478.00M

Key Performance Ratios

Return on Assets (ROA)1.38%
Return on Equity (ROE)13.29%
Net Interest Margin4.26%
Efficiency Ratio59.66%
Tier 1 Risk-Based Capital Ratio17.322%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets-0.01%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets10.372%
Earning Assets to total Assets91.65%

Income and Expense

Total Interest Income$6.50M
Total Noninterest Income$524.00k
Total Interest Expense$1.14M
Total Noninterest Expense$3.53M
Net Interest Income$5.36M
Pre-tax Net Operating Income$2.37M
Provision for Credit Losses$-20,000
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets
Other Real Estate Owned$0
Other borrowed funds$16.00M
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$2.25M
Total Liabilities and Capital$553.68M

Securities

Securities$90.62M
Available-for-sale debt securities$90.62M
Equity securities with readily determinable fair values not held for trading
Held-to-maturity securities$0
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of Commercial Bank?
$553.68M as of the latest filing.
How much are Commercial Bank's total deposits?
$478.00M in total deposits.
Where is Commercial Bank located?
Ithaca, MI.
What is the Net Interest Margin?
4.26%.
How many domestic offices does it operate?
11.
When was it established?
08/29/1962.
What is the Return on Assets (ROA)?
1.38%.
How much are total loans and leases?
$367.94M (latest filing).
What is the total interest income (latest filing)?
$6.50M.