Michigan has 71 banks headquartered in the state, with $20.4 billion in total commercial real estate loans as of June 30, 2026. BestCRE ranks the leading institutions by total CRE loans reported on schedule RC-C of their FDIC Call Reports. The ranked table includes 25 banks with a combined $16.4 billion in CRE loans. Their portfolios include $2.2 billion in construction and land loans, $1.7 billion in multifamily loans, $5.8 billion in owner occupied loans and $6.7 billion in investor nonfarm nonresidential loans. These categories help borrowers identify banks with meaningful exposure to a particular property or transaction type.
The ranking covers banks headquartered in Michigan, not every institution that can lend on property in the state. National and regional banks headquartered elsewhere maintain substantial Michigan branch and deposit networks, while nonbank lenders operate outside the FDIC Call Report system. Among Michigan headquartered banks, total CRE loans increased +6.1% year over year, and the top five institutions account for 39.3% of that total. For context, 4,167 banks nationwide reported $3.07 trillion in CRE loans. Borrowers can use the ranking to create an initial bank list, then compare those institutions with out of state banks and nonbank capital sources.
Michigan banks ranked by total CRE loans
| Rank | Bank | Headquarters | Total CRE loans ($M) | Construction and land ($M) | Multifamily ($M) | Owner occupied ($M) | Change, 1 year | CRE share of loans |
|---|---|---|---|---|---|---|---|---|
| 1 | Mercantile Bank | Grand Rapids, MI | $2,440 | $407 | $312 | $696 | -1.9% | 51.3% |
| 2 | Independent Bank | Grand Rapids, MI | $1,711 | $249 | $121 | $671 | +12.8% | 38.6% |
| 3 | ChoiceOne Bank | Sparta, MI | $1,701 | $102 | $104 | $590 | -0.4% | 55.3% |
| 4 | Bank of Ann Arbor | Ann Arbor, MI | $1,382 | $120 | $194 | $385 | -3.4% | 51.9% |
| 5 | Southern Michigan Bank & Trust | Coldwater, MI | $787 | $40.7 | $98.3 | $189 | +3.7% | 61.6% |
| 6 | Macatawa Bank, N.A. | Holland, MI | $684 | $79.5 | $96.3 | $212 | +23.7% | 24.3% |
| 7 | First National Bank of Michigan | Kalamazoo, MI | $647 | $46.3 | $108 | $148 | +5.9% | 78.3% |
| 8 | United Bank of Michigan | Grand Rapids, MI | $644 | $57.1 | $83.4 | $124 | +8.4% | 74.5% |
| 9 | West Michigan Community Bank | Hudsonville, MI | $634 | $60.8 | $89.8 | $298 | +13.8% | 60.7% |
| 10 | Isabella Bank | Mount Pleasant, MI | $607 | $133 | $75.7 | $187 | +8.2% | 38.2% |
| 11 | Northstar Bank | Bad Axe, MI | $574 | $39.3 | $47.7 | $262 | +18.5% | 57.6% |
| 12 | First State Bank | Eastpointe, MI | $474 | $63.6 | $23.2 | $198 | +17.9% | 44.9% |
| 13 | County National Bank | Hillsdale, MI | $469 | $102 | $32.4 | $228 | +7.0% | 41.2% |
| 14 | The Dart Bank | Mason, MI | $407 | $137 | $20.1 | $181 | -5.8% | 34.9% |
| 15 | Oxford Bank | Oxford, MI | $407 | $41.4 | $13.0 | $245 | +4.5% | 56.3% |
| 16 | First National Bank of America | East Lansing, MI | $404 | $242 | $93.4 | $34.5 | +17.9% | 6.4% |
| 17 | Tri-County Bank | Brown City, MI | $349 | $32.0 | $7.1 | $215 | +37.1% | 67.8% |
| 18 | West Shore Bank | Ludington, MI | $331 | $46.1 | $27.4 | $182 | +5.3% | 50.3% |
| 19 | Grand River Bank | Grandville, MI | $299 | $4.4 | $23.8 | $115 | -5.8% | 69.8% |
| 20 | Citizens State Bank | Royal Oak, MI | $290 | $37.3 | $3.8 | $147 | +59.0% | 63.7% |
| 21 | Superior National Bank | Hancock, MI | $255 | $46.6 | $34.6 | $84.6 | -2.1% | 37.5% |
| 22 | Sturgis Bank & Trust Company | Sturgis, MI | $252 | $49.3 | $0.0 | $172 | -3.3% | 32.7% |
| 23 | First Community Bank | Harbor Springs, MI | $234 | $15.7 | $22.0 | $114 | +3.8% | 69.1% |
| 24 | Range Bank | Marquette, MI | $216 | $37.8 | $40.9 | $87.0 | +6.6% | 57.1% |
| 25 | Honor Bank | Honor, MI | $209 | $28.9 | $19.2 | $70.5 | +7.1% | 58.2% |
Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record. Table shows the top 25 of 71 banks headquartered in Michigan.
Mercantile Bank leads with $2.4 billion in CRE loans, including $1.0 billion in investor nonfarm nonresidential loans and $696.1 million in owner occupied loans. Independent Bank and ChoiceOne Bank each report $1.7 billion, although their portfolio mixes differ. Independent Bank holds $671.1 million in owner occupied loans, while ChoiceOne Bank reports $905.3 million in investor nonfarm nonresidential loans. Growth also varies widely. Citizens State Bank reports +59.0% year over year growth, Tri-County Bank reports +37.1%, and Macatawa Bank, N.A. reports +23.7%. Mercantile Bank declined -1.9%, while Bank of Ann Arbor declined -3.4%. Concentration provides another distinction. First National Bank of Michigan has a 78.3% CRE share of loans and a 5.54x investor CRE to equity ratio. Macatawa Bank, N.A. has a 24.3% CRE share and a 0.85x ratio.
Out of state banks with branches in Michigan
| Bank | Headquarters state | Branches in Michigan | Deposits in Michigan ($M) | Total CRE loans, all states ($M) |
|---|---|---|---|---|
| JPMorgan Chase Bank, N.A. | Ohio | 171 | $64,440 | $179,847 |
| Fifth Third Bank, N.A. | Ohio | 308 | $56,296 | $33,581 |
| The Huntington National Bank | Ohio | 299 | $37,948 | $37,932 |
| Bank of America, N.A. | North Carolina | 72 | $28,838 | $79,906 |
| PNC Bank, N.A. | Delaware | 124 | $21,375 | $47,133 |
| Flagstar Bank, N.A. | New York | 101 | $17,077 | $35,271 |
| Citizens Bank, N.A. | Rhode Island | 62 | $6,553 | $26,949 |
| First Merchants Bank | Indiana | 31 | $2,499 | $5,523 |
| Old National Bank | Indiana | 20 | $2,214 | $23,021 |
| Horizon Bank | Indiana | 27 | $1,559 | $2,383 |
| KeyBank, N.A. | Ohio | 19 | $1,498 | $17,153 |
| CIBC Bank USA | Illinois | 1 | $1,443 | $18,426 |
Source: FDIC Summary of Deposits 2026. Deposits and branches are for Michigan only; CRE loans are bank wide.
The ranking provides a starting point for a bank loan search
Total CRE loans indicate the size of each bank’s commercial property book and can help borrowers assess demonstrated appetite and potential hold capacity. Portfolio mix adds transaction context. A borrower seeking construction financing can compare construction and land balances, while an owner user can focus on owner occupied exposure. Multifamily and investor nonfarm nonresidential balances show activity in those respective categories. These figures do not establish that a bank will approve a particular request, but they can narrow the initial list of institutions worth contacting.
Year over year change shows which banks are adding or reducing CRE loans. Concentration measures, including CRE share of total loans and investor CRE to equity, add another screening factor. A highly concentrated institution may be selective even when its reported CRE book is large. Bank lending remains relationship driven and local, so borrowers should discuss property location, transaction type and existing banking relationships directly with several institutions. The ranking is most useful as comparative evidence of reported activity, not as a substitute for current credit discussions.
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The leading portfolios have different areas of reported activity. Mercantile Bank’s $2.4 billion CRE book includes $407.2 million in construction and land loans, $312.1 million in multifamily loans, $696.1 million in owner occupied loans and $1.0 billion in investor nonfarm nonresidential loans. Bank of Ann Arbor reports $194.5 million in multifamily loans within a $1.4 billion CRE portfolio. First National Bank of America has $242.2 million in construction and land loans, compared with $34.5 million in owner occupied loans and $34.1 million in investor nonfarm nonresidential loans.
Concentration figures show how central CRE is to each bank’s reported loan portfolio and capital base. First National Bank of Michigan reports a 78.3% CRE share of loans and a 5.54x investor CRE to equity ratio, both high relative to other banks in the table. United Bank of Michigan reports a 74.5% CRE share and a 4.70x ratio. By comparison, First National Bank of America reports a 6.4% CRE share and a 0.67x ratio. These differences can help borrowers identify relevant institutions, while also recognizing that a concentrated bank may apply greater selectivity.
Out of state banks and nonbank lenders broaden the comparison
Banks headquartered outside Michigan also lend through local branches and are not included in the headquarters based ranking. JPMorgan Chase Bank, N.A., headquartered in Ohio, has 171 Michigan branches and $64.4 billion in deposits in the state. Fifth Third Bank, N.A. has 308 branches and $56.3 billion in Michigan deposits, while The Huntington National Bank has 299 branches and $37.9 billion. Their total CRE loan figures, including $179.8 billion for JPMorgan Chase Bank, N.A., cover all states rather than Michigan lending alone.
Borrowers can also compare banks with debt funds, life companies, CMBS, agency and SBA lenders. These nonbank sources do not appear in bank Call Reports, so the ranking does not measure their activity or availability. Comparing several sources matters because each lender category may evaluate a transaction differently, and the reported size of a bank’s CRE portfolio does not establish current terms or approval. A broad search can include Michigan headquartered banks, out of state banks with local branches and relevant nonbank lenders before a borrower selects a financing path.
Frequently Asked Questions
Which bank is the largest commercial real estate lender headquartered in Michigan?
Mercantile Bank ranks first among Michigan headquartered banks with $2.4 billion in total CRE loans as of June 30, 2026. Its portfolio includes $407.2 million in construction and land loans, $312.1 million in multifamily loans, $696.1 million in owner occupied loans and $1.0 billion in investor nonfarm nonresidential loans. CRE represents 51.3% of its total loans, and its investor CRE to equity ratio is 2.38x. The bank’s CRE balance changed -1.9% year over year. It ranks 189 nationally by total CRE loans.
Which Michigan banks reported the fastest CRE loan growth?
Citizens State Bank reports the highest year over year change in the ranked table at +59.0%, bringing its CRE portfolio to $290.4 million. Tri-County Bank follows with +37.1% growth and $349.0 million in total CRE loans. Macatawa Bank, N.A. reports +23.7% growth and a $684.2 million CRE book. Northstar Bank reports +18.5%, while First State Bank and First National Bank of America each report +17.9%. Growth identifies banks adding reported CRE balances, but it does not indicate availability for a particular transaction.
Which Michigan banks have the largest construction loan portfolios?
Mercantile Bank reports $407.2 million in construction and land loans, the largest balance among the ranked Michigan headquartered banks. Independent Bank follows with $249.4 million, and First National Bank of America reports $242.2 million. The Dart Bank has $137.3 million, while Isabella Bank reports $132.9 million. Construction balances show the scale of loans already held in that FDIC reporting category. They can help a borrower identify banks with demonstrated activity, although the figures do not describe current programs, underwriting requirements or availability for a new project.
Which Michigan banks show the greatest CRE concentration?
First National Bank of Michigan reports the highest CRE share of total loans in the table at 78.3%, along with a 5.54x investor CRE to equity ratio. United Bank of Michigan reports a 74.5% CRE share and a 4.70x ratio. Grand River Bank reports a 69.8% CRE share and a 3.61x ratio, while First Community Bank reports 69.1% and 3.00x. These measures show the importance of CRE within each institution’s reported loan and capital position. High concentration relative to peers can signal that a bank will be selective.
Do national banks with Michigan branches appear in this ranking?
No. The ranking covers banks headquartered in Michigan. Out of state institutions may still have extensive local operations. Fifth Third Bank, N.A., headquartered in Ohio, has 308 Michigan branches and $56.3 billion in deposits in the state. The Huntington National Bank has 299 branches and $37.9 billion in Michigan deposits. PNC Bank, N.A., headquartered in Delaware, has 124 branches and $21.4 billion in state deposits. Their reported CRE balances cover lending across all states, so they are not directly comparable with a ranking limited to Michigan headquartered banks.
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