The State Bank (MI)

Overview / Commentary

www.thestatebank.com

810-629-2263

175 N. Leroy St.
Fenton, MI 48430

The State Bank (MI) is headquartered in Fenton and is the 14^th largest bank in the state of Michigan. It is also the 831^st largest bank in the nation. It was established in 1898 and as of June of 2019, it had grown to 179 employees at 16 locations. The State Bank (MI)'s money market rates are 3X the national average, and it boasts an A+ health rating.

The State Bank (MI) Has Nationally Available Kasasa Cash (2.50% APY) - 12/28/2018

The State Bank (MI) has a nationally available Kasasa Cash checking account that earns 2.50% APY on qualifying balances up to $50k. Minimum $25 opening deposit.

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Health

A+

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #	11406
Year Established	1898
Employees	179
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.3%
Return on Equity - YTD	12.52%
Annual Interest Income	$21.1MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$948.8MM$841.7MM
Loans	Q2 2019vs Q2 2018	$815.3MM$708.3MM
Deposits	Q2 2019vs Q2 2018	$796.4MM$702.0MM
Equity Capital	Q2 2019vs Q2 2018	$101.5MM$73.9MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$5.0MM$4.0MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$1.1MM$981.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$92.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
1.00%	-	$100k	Kasasa Saver
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

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$1m^*	$250k	Pinnacle Money Market Savings
OTHER TIERS: 0.25% → Up to $250k \| 0.50% → $250k - $500k \| 0.75% → $500k - $750k \| 1.00% → $750k - $1m
1.25%^*	$1m^*	$250k	Business Pinnacle Money Market Savings
OTHER TIERS: 0.25% → Up to $250k \| 0.50% → $250k - $500k \| 0.75% → $500k - $750k \| 1.00% → $750k - $1m
0.15%^*	$20k^*	-	Prosperity Money Market Account
OTHER TIERS: 0.01% → Up to $5k \| 0.05% → $5k - $15k \| 0.10% → $15k - $20k

The State Bank (MI) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.50%^*	-	$50k	Kasasa Cash Checking
OTHER TIERS: 0.15% → $50k+

The State Bank (MI) CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$500	-	60 Month CD Special
1.90%	$500	-	48 Month CD Special
1.80%	$500	-	36 Month CD Special
1.75%	$500	-	30 Month CD Special
1.70%	$500	-	24 Month CD Special
1.60%	$500	-	18 Month CD Special
1.50%	$500	-	12 Month CD Special
0.65%	$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

APY	MIN	MAX	ACCOUNT NAME
2.00%	$500	-	60 Month IRA Special
1.90%	$500	-	48 Month IRA Special
1.80%	$500	-	36 Month IRA Special
1.75%	$500	-	30 Month IRA Special
1.70%	$500	-	24 Month IRA Special
1.60%	$500	-	18 Month IRA Special
1.50%	$500	-	12 Month IRA Special
0.65%	$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

Locations

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