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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 12th largest bank in the state of Michigan. It is also the 737th largest bank in the nation. It was established in 1898 and as of December of 2021, it had grown to 224 employees at 21 locations. The State Bank (MI) has an A+ health rating.

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Health
A+

Data as of Q4 2021

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Health Grade Components

Overall
FDIC Certificate #11406
Year Established1898
Employees224
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD13.41%
Annual Interest Income$46.9MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1.42B$1.25B
LoansQ4 2021vs Q4 2020$1.10B$1.08B
DepositsQ4 2021vs Q4 2020$1.23B$1.07B
Equity CapitalQ4 2021vs Q4 2020$136.0MM$123.9MM
Loan Loss AllowanceQ4 2021vs Q4 2020$10.5MM$10.9MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$2.0MM$8.0MM
Real Estate OwnedQ4 2021vs Q4 2020$383.00K$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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