Overview / Commentary
The State Bank (MI) is headquartered in Fenton and is the 12th largest bank in the state of Michigan. It is also the 779th largest bank in the nation. It was established in 1898 and as of December of 2019, it had grown to 181 employees at 16 locations. The State Bank (MI) has an A+ health rating.
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Health
A+
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11406 |
| Year Established | 1898 |
| Employees | 181 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.31% |
| Return on Equity - YTD | 12.44% |
| Annual Interest Income | $43.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.03B$926.3MM |
| Loans | Q4 2019vs Q4 2018 | $884.2MM$768.6MM |
| Deposits | Q4 2019vs Q4 2018 | $866.1MM$768.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $108.3MM$94.6MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $5.8MM$4.5MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.4MM$1.1MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$32.00K |
