Alden State Bank (MI)


Overview / Commentary
231-331-4481
10564 Coy Street
Alden, MI 49612

Alden State Bank (MI) is headquartered in Alden and is the 52nd largest bank in the state of Michigan. It is also the 2,483rd largest bank in the nation. It was established in 1934 and as of June of 2022, it had grown to 39 employees at 4 locations. Alden State Bank (MI) has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #17622
Year Established1934
Employees39
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD7.02%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$299.7MM$272.8MM
LoansQ2 2022vs Q2 2021$128.7MM$141.7MM
DepositsQ2 2022vs Q2 2021$271.8MM$243.8MM
Equity CapitalQ2 2022vs Q2 2021$26.7MM$28.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.9MM$4.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$437.00K$425.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

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Locations


Alden State Bank (MI) Locations
Central Lake Branch2440 North MainCentral Lake, MI 49622
Elk Rapids Branch300 Ames StElk Rapids, MI 49629
Bellaire Branch641 Alden StBellaire, MI 49615
Alden State BankCoy and Helena StreetsAlden, MI 49612

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