1 star ratingAverage User Rating:
1 star rating based on 4 reviews.

Blissfield State Bank

Blissfield State Bank Locations
204 East Jefferson
Blissfield, MI 49228
www.blissfieldstate.com

Blissfield State Bank is headquartered in Blissfield and is the 96th largest bank in the state of Michigan. It is also the 5,167th largest bank in the nation. It was established in 1873 and as of December of 2011, it had grown to 26 employees at 2 locations. Blissfield State Bank has a 5-star health rating.

Blissfield State Bank Routing Number: 072403978


Data for Q4 2011


Institution Statistics


Blissfield State Bank
FDIC Certificate #976
BankRate ReportView
Year Established1873
Employees26
Primary RegulatorFED

Assets and Liabilities

Assets$91.47 million
Loans$44.62 million
Deposits$81.16 million
Equity Capital$10.26 million
Loan Loss Allowance$483,000
Unbacked Noncurrent Loans$210,000
Real Estate Owned$39,000

Historic Data - December 2010

Assets$87.03 million
Equity Capital$9.51 million
Loan Loss Allowance$484,000
Unbacked Noncurrent Loans$156,000

Profit Margin - Quarterly

Net Interest Margin3.73%
Return on Assets1.02%
Return on Equity9.07%
Interest Income$3.57 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Blissfield State Bank had $249,000 in non-current loans and owned real-estate with $10.74 million in equity and loan loss allowances on hand to cover it. This gives Blissfield State Bank a Texas Ratio of 2.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Blissfield State Bank held steady from 1.56% as of December 31, 2010 to 2.32% as of December 31, 2011, resulting in a negative change of 48.60%. This indicates that the balance sheet and financial strength for Blissfield State Bank has held steady in recent periods.
Deposit Growth4
In the past year, Blissfield State Bank has increased its total deposits by $3.71 million, resulting in 4.79% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Blissfield State Bank has shown is above average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Blissfield State Bank has $91.47 million in assets with $10.74 million in equity, resulting in a capitalization level of 11.74%, which is above average.
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Its My Money I Will Do With It What I Please!!!
1 stars - cubs9000 - Wednesday, March 28, 2012 - 10:38 PM

I went in the other day to BSB and took out a fair amout of money. The teller asked me what the money was for. HELLO? THAT IS VERY VERY RUDE!!! If I want to buy drugs with it I will! If I want to buy a car I will! If I want to go buy lotto tickets I will! DO NOT ASK YOUR CUSTOMERS WHAT THEY ARE GOING TO DO WITH THEIR MONEY!!

6

Avoid At All Cost! The Worst Bank With Extremely Rude Staff! Working In The DARK AGES!
1 stars - samjohnson1900 - Friday, October 15, 2010 - 4:29 PM

For those of you who are even thinking about Blissfield State Bank for your bank needs...READ THIS CAREFULLY. The once friendly bank is now a ture spot to avoid. With Gloria as head teller expect rude service from everyone. Unless you have a million dollars to deposit/ in your account you are a worthless customer. Never ask for anything that you would expect free from other banks. They charge fees for everything. Also make sure to bring 5+ forms of identification with you during every transaction because they simply do not trust anyone and never will. To be extremely terse, this bank out to be boycotted. At least until senior management and local branch staff learn and are taught what customer service means. START TREATING PEOPLE LIKE PEOPLE NOT ANIMALS! The smiley face, polite personal bankers are all gone. Replaced with a bunch of rude, arrogant personal who have no qualms in lying about their products and or services. Just simply stay away from this bank.

4

They Are Not Happy Until They Make You Unhappy
1 stars - Blissfieldbliss - Thursday, March 8, 2012 - 9:09 AM

 

Face to face service sucks at BSB. They haven’t done their job until they make the customer angry. New fees, unclear rules, and awful online banking. They take whatever chance they can get to charge you money. I tried to stay with them because of the length of time my accounts were open but I'm closing them out. Enough is enough. I would not recommend Blissfield State Bank to anyone!

Website = terrible

Customer service = terrible

Fees = terrible

2

Blissfield State Bank No Longer Serves With A Smile
1 stars - SmallTownUSA - Friday, March 25, 2011 - 9:13 AM

I have been a customer of Blissfield State for 20 years and the slow decline of service has been apparant over the last 6 years. The staff used to be so friendly and warm. Not anymore. Every time I step foot into the bank I am barely greeted and surely not with a smile. The loan staff lacks knowledge, well I should limit that to the one officer I was referred to. It is unfortunate to see the demise of such a wonderful bank due from the "tone at the top". I am sure Bob and Bob would not be proud of what has become of a Blissfield tradition.

2
 
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