The State Bank (MI) is headquartered in Fenton and is the 11th largest bank in the state of Michigan. It is also the 710th largest bank in the nation. It was established in 1898 and as of June of 2022, it had grown to 236 employees at 21 locations. The State Bank (MI)'s CD rates are 5X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 11406 |
Year Established | 1898 |
Employees | 236 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.98% |
Return on Equity - YTD | 10.53% |
Annual Interest Income | $25.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2022vs Q2 2021 | $1.47B$1.31B |
Loans | Q2 2022vs Q2 2021 | $1.22B$983.2MM |
Deposits | Q2 2022vs Q2 2021 | $1.23B$1.13B |
Equity Capital | Q2 2022vs Q2 2021 | $133.5MM$133.8MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $11.0MM$10.8MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.0MM$8.6MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $383.00K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.51%* | - | $100k | Kasasa Saver | ||
OTHER TIERS: 0.75% → $100k+ | |||||
0.35% | $100 | - | Moola Moola Savings | ||
0.35% | - | - | Christmas Club Accounts | ||
0.35% | - | - | Target Savings Account | ||
0.35% | $200 | - | Basic Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.02%* | - | $50k | Kasasa Cash Checking | ||
OTHER TIERS: 0.75% → $50k+ |