Overview / Commentary
810-629-2263
175 N. Leroy St.
Fenton, MI 48430

The State Bank (MI) is headquartered in Fenton and is the 15th largest bank in the state of Michigan. It is also the 965th largest bank in the nation. It was established in 1898 and as of March of 2018, it had grown to 175 employees at 16 locations. The State Bank (MI) has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #11406
Year Established1898
Employees175
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD12.93%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$790.2MM$730.6MM
LoansQ1 2018vs Q1 2017$687.4MM$551.9MM
DepositsQ1 2018vs Q1 2017$683.7MM$633.0MM
Equity CapitalQ1 2018vs Q1 2017$72.2MM$62.0MM
Loan Loss AllowanceQ1 2018vs Q1 2017$3.7MM$2.9MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$667.00K$2.0MM
Real Estate OwnedQ1 2018vs Q1 2017$92.00K$186.00K
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$20k*-Personal Prosperity Savings
OTHER TIERS: 0.01% Up to $20k
0.15%*$20k*-Business Prosperity Savings
OTHER TIERS: 0.01% Up to $20k
0.05%$100-Statement Savings
0.05%$100-Moola Moola Savings

The State Bank (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$500-24 Month Special CD - New Money
2.00%$500-16 Month Special CD - New Money
1.29%$500-36 Month Relationship CD
1.05%$500-24 Month Relationship CD
0.75%$500-12 Month Relationship CD
0.65%$500-60 Month 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%$2.5k-91-181 Day CD
0.05%$10k-32-90 Day CD
0.05%$20k-7-31 Day CD

The State Bank (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$500-24 Month Special IRA - New Money
2.00%$500-16 Month Special IRA - New Money
1.29%$500-36 Month Relationship IRA
1.05%$500-24 Month Relationship IRA
0.75%$500-12 Month Relationship 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%$500-7-31 Day IRA
0.05%$500-91-181 Day IRA
0.05%$500-32-90 Day IRA
0.05%$500-182-364 Day IRA
Locations

Availability



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