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.
Overall | |
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FDIC Certificate # | 11406 |
Year Established | 1898 |
Employees | 224 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.33% |
Return on Equity - YTD | 13.41% |
Annual Interest Income | $46.9MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $1.42B$1.25B |
Loans | Q4 2021vs Q4 2020 | $1.10B$1.08B |
Deposits | Q4 2021vs Q4 2020 | $1.23B$1.07B |
Equity Capital | Q4 2021vs Q4 2020 | $136.0MM$123.9MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $10.5MM$10.9MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $2.0MM$8.0MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $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 | |
---|---|---|---|---|---|
0.50%* | - | $100k | Kasasa 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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.00%* | - | $50k | Kasasa Cash Checking | ||
OTHER TIERS: 0.15% → $50k+ |