The State Bank (MI)

Overview / Commentary
175 N. Leroy St.
Fenton, MI 48430

The State Bank (MI) is headquartered in Fenton and is the 13th largest bank in the state of Michigan. It is also the 775th largest bank in the nation. It was established in 1898 and as of June of 2021, it had grown to 204 employees at 18 locations. The State Bank (MI) has an A health rating.

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The State Bank (MI) Offers Rewards Checking/Savings Statewide - 5/14/2021

The State Bank (MI) offers its Kasasa brand products (rewards checking, rewards savings, and cash back checking) on a statewide basis through an online application.

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Health Grade Components

FDIC Certificate #11406
Year Established1898
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.52%
Return on Equity - YTD15.21%
Annual Interest Income$23.6MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$1.31B$1.24B
LoansQ2 2021vs Q2 2020$983.2MM$1.08B
DepositsQ2 2021vs Q2 2020$1.13B$1.02B
Equity CapitalQ2 2021vs Q2 2020$133.8MM$116.1MM
Loan Loss AllowanceQ2 2021vs Q2 2020$10.8MM$9.0MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$8.6MM$1.0MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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Always verify rates and promotions with the bank or credit union. We are not The State Bank (MI); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The State Bank (MI) Savings Account Rates

0.50%*-$100kKasasa Saver
OTHER TIERS: 0.15% $100k+
0.05%$100-Moola Moola Savings
0.05%--Christmas Club Accounts
0.05%--Target Savings Account
0.05%$200-Basic Savings

The State Bank (MI) Money Market Rates

0.25%*$1m*$250kPinnacle Money Market Savings
OTHER TIERS: 0.10% Up to $250k | 0.12% $250k - $500k | 0.15% $500k - $750k | 0.20% $750k - $1m
0.10%*$20k*-Prosperity Money Market Account
OTHER TIERS: 0.01% Up to $5k | 0.05% $5k - $20k

The State Bank (MI) Checking Account Rates

1.00%*-$50kKasasa Cash Checking
OTHER TIERS: 0.15% $50k+

The State Bank (MI) CD Rates

0.55%$500-24 - 60 Month CD Special
0.40%$500-12 Month CD Special
0.35%$500-60 Month or More CD
0.35%$500-48-59 Month CD
0.35%$500-36-47 Month CD
0.15%$500-24-35 Month CD
0.10%$500-12-23 Month CD
0.05%$500-182-364 Day CD
0.05%$500-91-181 Day CD
0.05%$10k-32-90 Day CD
0.05%$20k-7-31 Day CD

The State Bank (MI) IRA Rates

0.55%$500-24 - 60 Month IRA Special
0.40%$500-12 Month IRA Special
0.35%$500-60 Month or More IRA
0.35%$500-36-47 Month IRA
0.35%$500-48-59 Month IRA
0.15%$500-24-35 Month IRA
0.10%$500-12-23 Month IRA
0.05%$20k-7-31 Day IRA
0.05%$500-91-181 Day IRA
0.05%$10k-32-90 Day IRA
0.05%$500-182-364 Day IRA


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