MICHIGAN FIRST
CULathrup Village, MI
Total Assets
$1.5B
—
Total Loans
$1.1B
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MICHIGAN FIRST in MI reported a Texas Ratio of 4.7% in Q1 2026, down -0.4pp from the prior quarter. Nonperforming assets declined to 1.03%, a decrease of -0.06pp.
Portfolio composition
| Category | Balance | % of total | NPL % | Charge-off % |
|---|---|---|---|---|
| 1-4 family — 1st lien | $400M | 37.8% | — | — |
| 1-4 family — junior lien | $122M | 11.5% | — | — |
| Multifamily | $24M | 2.3% | — | — |
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20-quarter trend panels
See how Texas Ratio, NPL %, and charge-offs evolved across the last 5 years.
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Peer cohort comparison
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Full portfolio composition
Every loan category, NPL ratio, and charge-off rate — beyond the top 3.
MICHIGAN FIRST currently appears on: Under-Reserved Lenders