The State Savings Bank of Manistique

The State Savings Bank of Manistique is headquartered in Manistique and is the 89^th largest bank in the state of Michigan. It is also the 4,425^th largest bank in the nation. It was established in 1917 and as of March of 2012, it had grown to 29 employees at 5 locations. The State Savings Bank of Manistique has a 3-star health rating.

Data for Q1 2012

Institution Statistics The State Savings Bank of Manistique FDIC Certificate # 13249 BankRate Report View Year Established 1917 Employees 29 Primary Regulator FED Assets and Liabilities Assets $121.56 million Loans $58.64 million Deposits $92.41 million Equity Capital $13.14 million Loan Loss Allowance $1.38 million Unbacked Noncurrent Loans $2.02 million Real Estate Owned $843,000 Historic Data - March 2011 Assets $119.56 million Equity Capital $12.49 million Loan Loss Allowance $1.10 million Unbacked Noncurrent Loans $1.33 million Real Estate Owned $1.70 million Profit Margin - Quarterly Net Interest Margin 3.68% Return on Assets 0.16% Return on Equity 1.48% Interest Income $1.26 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 Savings Bank of Manistique had $2.87 million in non-current loans and owned real-estate with $14.52 million in equity and loan loss allowances on hand to cover it. This gives The State Savings Bank of Manistique a Texas Ratio of 19.74% which is 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 Savings Bank of Manistique held steady from 22.28% as of March 31, 2011 to 19.74% as of March 31, 2012, resulting in a positive change of 11.43%.This indicates that the balance sheet and financial strength for The State Savings Bank of Manistique has held steady in recent periods. Deposit Growth In the past year, The State Savings Bank of Manistique has decreased its total deposits by $-438,000, resulting in -0.47% 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 Savings Bank of Manistique has shown is 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 Savings Bank of Manistique has $121.56 million in assets with $14.52 million in equity, resulting in a capitalization level of 11.95%, which is above average.

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