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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 13th largest bank in the state of Michigan. It is also the 753rd largest bank in the nation. It was established in 1898 and as of June of 2020, it had grown to 183 employees at 16 locations. The State Bank (MI) has an A+ health rating.

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Health
A+

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #11406
Year Established1898
Employees183
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD13.09%
Annual Interest Income$22.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.24B$948.8MM
LoansQ2 2020vs Q2 2019$1.08B$815.3MM
DepositsQ2 2020vs Q2 2019$1.02B$796.4MM
Equity CapitalQ2 2020vs Q2 2019$116.1MM$101.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$9.0MM$5.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.0MM$1.1MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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
0.50%*-$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kKasasa Cash Checking
OTHER TIERS: 0.15% → $50k+

The State Bank (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.