The State Bank (MI)

One Fenton Square
Fenton, MI 48430
810.629.2263
www.thestatebank.com

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The State Bank (MI) is headquartered in Fenton and is the 35^th largest bank in the state of Michigan. It is also the 2,170^th largest bank in the nation. It was established in 1898 and as of March of 2012, it had grown to 117 employees at 9 locations. The State Bank (MI) has a 3-star health rating.

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See Rates for: Savings | CD | IRA

The State Bank (MI) Savings Account Rates

Apy	Min	Max	Product
0.15%	$25k	-	V.I.P. Savings
0.05%	$100	-	Statement Savings
0.05%	$100	-	Moola Moola Savings

The State Bank (MI) CD Rates

Apy	Min	Max	Product
1.70%	$500	-	60 Month Special CD
1.40%	$500	-	48 Month Special CD
1.25%	$500	-	36 Month Relationship CD
1.00%	$500	-	24 Month Relationship CD
0.65%	$500	-	60 Month CD
0.50%	$500	-	12 Month Relationship CD
0.35%	$500	-	48 Month CD
0.35%	$500	-	36 Month CD
0.15%	$500	-	24 Month CD
0.10%	$1k	-	12 Month CD
0.05%	$1k	-	182 Day CD
0.05%	$2,500	-	91 Day CD
0.05%	$10k	-	32 Day CD
0.05%	$20k	-	7 Day CD

The State Bank (MI) IRA Rates

Apy	Min	Max	Product
1.70%	$500	-	60 Month Special IRA
1.40%	$500	-	48 Month Special IRA
1.25%	$500	-	36 Month Relationship IRA
1.00%	$500	-	24 Month Relationship IRA
0.50%	$500	-	12 Month Relationship IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

The State Bank
FDIC Certificate #	11406
BankRate Report	View
Year Established	1898
Employees	117
Primary Regulator	FDIC
Assets and Liabilities
Assets	$301.59 million
Loans	$188.10 million
Deposits	$274.48 million
Equity Capital	$24.00 million
Loan Loss Allowance	$7.39 million
Unbacked Noncurrent Loans	$10.38 million
Real Estate Owned	$2.62 million
Historic Data - March 2011
Assets	$304.09 million
Equity Capital	$20.42 million
Loan Loss Allowance	$9.02 million
Unbacked Noncurrent Loans	$15.70 million
Real Estate Owned	$2.36 million
Profit Margin - Quarterly
Net Interest Margin	3.83%
Return on Assets	-0.42%
Return on Equity	-5.26%
Interest Income	$3.11 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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 March 31, 2012 The State Bank (MI) had $13 million in non-current loans and owned real-estate with $31.4 million in equity and loan loss allowances on hand to cover it. This gives The State Bank (MI) a Texas Ratio of 41.41% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for The State Bank (MI) decreased slightly from 61.75% as of March 31, 2011 to 41.41% as of March 31, 2012, resulting in a positive change of 32.94%.This indicates that the balance sheet and financial strength for The State Bank (MI) has improved slightly in recent periods.
Deposit Growth
In the past year, The State Bank (MI) has decreased its total deposits by -$5.75 million, resulting in -2.05% 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 The State Bank (MI) has shown is below average.
Capitalization
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. The State Bank (MI) has $301.59 million in assets with $31.4 million in equity, resulting in a capitalization level of 10.41%, which is above average.

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