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Overview / Commentary
204 East Jefferson
Blissfield, MI 49228

Blissfield State Bank is headquartered in Blissfield and is the 93rd largest bank in the state of Michigan. It is also the 4,773rd largest bank in the nation. It was established in 1873 and as of March of 2014, it had grown to 25 employees at 2 locations. Blissfield State Bank has a A health rating.

Reviews (5)

Its My Money I Will Do With It What I Please!!!

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!!

Avoid At All Cost! The Worst Bank With Extremely Rude Staff! Working In The DARK AGES!

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.

They Are Not Happy Until They Make You Unhappy

 

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

Blissfield State Bank No Longer Serves With A Smile

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.

Great Bank, Great People

I love this small community bank.  I don't know what the bad reviews are for, but everytime I walk in I get service with a smile and always feel welcome.  I will be banking here for years to come!



Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Blissfield State Bank has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Blissfield State Bank had $404,000 in non-current loans and owned real-estate with $10.23 million in equity and loan loss allowances on hand to cover it. This gives Blissfield State Bank a Texas Ratio of 3.95% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Blissfield State Bank experienced no significant changes from 1.52% as of March 31, 2013 to 3.95% as of March 31, 2014, resulting in a negative change of 159.86%. This indicates that the balance sheet and financial strength for Blissfield State Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Blissfield State Bank has increased its total deposits by $2.79 million, resulting in 3.26% 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 excellent.

Capitalization

GRADE:
B+

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 $98.21 million in assets with $10.23 million in equity, resulting in a capitalization level of 10.41%, which is above average.

Institution Statistics

Overall
FDIC Certificate #976
Year Established1873
Employees25
Primary RegulatorFED
Assets and Liabilities
Assets$98.21 million
Loans$44.74 million
Deposits$88.41 million
Equity Capital$9.74 million
Loan Loss Allowance$491,000
Unbacked Noncurrent Loans$404,000
Real Estate Owned$0
Historic Data - March 2013
Assets$96.01 million
Equity Capital$10.32 million
Loan Loss Allowance$466,000
Unbacked Noncurrent Loans$404,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.39%
Return on Assets0.97%
Return on Equity9.63%
Interest Income$825,000
Rates

Sorry, we do not have rate data for Blissfield State Bank

Locations


Blissfield State Bank Locations
Blissfield State Bank204 East JeffersonBlissfield, MI 49228
Blissfield Branch640 West Adrian StreetBlissfield, MI 49228