The State Bank (MI)


Overview / Commentary
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 818th largest bank in the nation. It was established in 1898 and as of September of 2019, it had grown to 180 employees at 16 locations. The State Bank (MI)'s money market rates are 3X the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #11406
Year Established1898
Employees180
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD13.11%
Annual Interest Income$32.5MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$977.1MM$910.1MM
LoansQ3 2019vs Q3 2018$836.3MM$726.2MM
DepositsQ3 2019vs Q3 2018$804.5MM$766.7MM
Equity CapitalQ3 2019vs Q3 2018$105.6MM$77.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$5.4MM$4.1MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$921.00K$659.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$142.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not The State Bank (MI); we are a rate comparison website and cannot provide official rates or promotions.

* 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
1.00%*-$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
1.25%*$1m*$250kPinnacle 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*$250kBusiness 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$50kKasasa Cash Checking
OTHER TIERS: 0.15% $50k+

The State Bank (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

Availability



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