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Distressed Note Industry
Michigan Commercial & Industrial
Analyzing commercial & industrial loan performance across 142 Michigan banks
As of Q3 2025, 142 Michigan banks report commercial & industrial portfolios totaling $13.7B. Non-performing loans in this category total $82.4M — an average NPL ratio of 0.60% — with $29.6M 30-89 days delinquent, $7.4M 90+ days delinquent, and $74.9M in nonaccrual status. The most distressed lender in this category is CITIZENS NATIONAL BANK OF CHEBOYGAN (MI) with an NPL ratio of 19.03%.
Total Lenders
142
Total Loan Portfolio
$13.7B
Total NPL
$82.4M
Average NPL %
0.60%
Delinquency Breakdown
30-89 Days
$29.6M
90+ Days
$7.4M
Nonaccrual
$74.9M
Charge-offs
$20.5M
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Commercial & Industrial in Michigan
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| CITIZENS NATIONAL BANK OF CHEBOYGAN | MI | $21.5M | $4.1M | 19.03% |
| CITIZENS NATIONAL BANK OF CHEBOYGAN | MI | $21.5M | $4.1M | 19.03% |
| STURGIS BANK & TRUST COMPANY | MI | $31.6M | $5.5M | 17.38% |
| STURGIS BANK & TRUST COMPANY | MI | $31.6M | $5.5M | 17.38% |
| HURON COMMUNITY BANK | MI | $23.5M | $4.0M | 17.10% |
| HURON COMMUNITY BANK | MI | $23.5M | $4.0M | 17.10% |
| FIRST NATIONAL BANK OF AMERICA | MI | $1.8M | $286K | 16.24% |
| FIRST NATIONAL BANK OF AMERICA | MI | $1.8M | $286K | 16.24% |
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