Advertisement
State Savings Bank
Frankfort, MI · FDIC Certificate #8162 · Chartered 01/0
Total assets
$431.16M
Total deposits
$391.63M
Total equity
$36.99M
Net loans
$323.59M
Branches (offices)
8
Net income (YTD)
$738.00K
Rank: #1,961 of 4,213 U.S. banks by assets · #39 of 72 in Michigan. Assets changed 5.3% and deposits 5.4% over the year to June 30, 2026.
Advertisement
Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.35% |
| Return on equity | 3.99% |
| Net interest margin (YTD) | 4.80% |
| Equity to assets | 8.58% |
| Tier 1 leverage ratio | 8.79% |
| Uninsured deposits (share of deposits) | 24.9% |
| Noncurrent loans (share of loans) | 0.20% |
| Net charge-offs (share of loans) | -0.01% |
| Loans to deposits | 82.6% |
| Real estate loans (share of loans) | 90.9% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $294.19M | 90.9% | |
| Commercial & industrial | $27.45M | 8.5% | |
| Consumer / individual | $903.00K | 0.3% | |
| Construction & development | $25.47M | 7.9% | |
| Agricultural | $3.40M | 1.1% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $368.59M | $339.09M | $349.00K | $28.42M |
| Jun 2023 | $349.13M | $314.96M | $1.97M | $31.89M |
| Jun 2024 | $361.79M | $324.95M | $1.11M | $34.50M |
| Jun 2025 | $409.46M | $371.67M | $443.00K | $35.38M |
| Jun 2026 | $431.16M | $391.63M | $738.00K | $36.99M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Michigan | $391.63M | 8 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $391.63M.
Similar-sized banks
The Citizens Bank Of Edmond ($432.36M) · The First National Bank Of Monterey ($430.51M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
Advertisement