Superior National Bank
Hancock, Michigan, Houghton County
$1.0B in total assets, the 1,033rd largest of 4,309 US banks and 17th of 74 headquartered in Michigan.
- FDIC certificate
- 5058
- Established
- 1890
- Owned by
- Keweenaw Financial Corp
- Primary regulator
- OCC
- Website
- www.snb-t.com
At a glance
Compared with 17 banks headquartered in Michigan with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.0B | 6% | $1.7B | |
| Loans | $679M | 2% | $1.3B | |
| Deposits | $881M | 2% | $1.4B | |
| Return on assets | 1.26% | 41% | 1.30% | |
| Net interest margin | 3.81% | 53% | 3.79% | |
| Efficiency ratio | 67.2% | 71% | 61.5% | |
| Equity to assets | 11.55% | 76% | 9.26% | |
| Loans to deposits | 77% | 2% | 94% |
Growth
Total assets grew 0.4% a year over the last 5 years and 6.1% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Feb 2021 | Main Street Bank Bingham Farms, MI, an affiliate under the same holding company | $323M |
| Jan 2009 | Commercial National Bank of L'Anse L'Anse, MI, an affiliate under the same holding company | $66M |
Where they operate
10 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Houghton County, MI | $505M | 52.7% | 1 of 7 |
| Baraga County, MI | $236M | 100.0% | 1 of 1 |
| Oakland County, MI | $140M | 0.2% | 19 of 29 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No net change since 2016 (10 branches then and now). 0 opened, 2 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 10 | |||
| 2021 | Acquired Main Street BankClosed Chassell and Mohawk | 2 | 2 | 0 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 43% | 35% | |
| Commercial real estate | 26% | 31% | |
| Business (C&I) | 11% | 14% | |
| Construction and land | 7% | 6% | |
| Consumer | 7% | 2% | |
| Multifamily | 5% | 4% | |
| Farmland | 0% | 1% | |
| Other | 2% | 6% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 53% | 50% | |
| Time deposits | 24% | 27% | |
| Noninterest-bearing | 23% | 23% |
Brokered deposits are 0.0% of deposits (peers 11.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.64% | 0.76% |
| Net charge-offs, annualized | 0.04% | 0.02% |
| Reserves to loans | 1.20% | 1.11% |
| Leverage ratio | 11.70% | 9.34% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Michigan
Largest competitors in Houghton County, MI
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/superior-national-bank-hancock-mi