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 14^th largest bank in the state of Michigan. It is also the 830^th largest bank in the nation. It was established in 1898 and as of March of 2019, it had grown to 185 employees at 16 locations. The State Bank (MI)'s money market rates are 3X the national average, and it has an A health rating.

The State Bank (MI) Has Nationally Available Kasasa Cash (2.50% APY) - 12/28/2018

The State Bank (MI) has a nationally available Kasasa Cash checking account that earns 2.50% APY on qualifying balances up to $50k. Minimum $25 opening deposit.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	11406
Year Established	1898
Employees	185
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.18%
Return on Equity - YTD	11.52%
Annual Interest Income	$10.4MM

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$945.1MM$790.2MM
Loans	Q1 2019vs Q1 2018	$807.0MM$687.4MM
Deposits	Q1 2019vs Q1 2018	$794.2MM$683.7MM
Equity Capital	Q1 2019vs Q1 2018	$97.7MM$72.2MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$4.7MM$3.7MM
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$1.2MM$667.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$92.00K

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$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

The State Bank (MI) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$2.5m^*	$500k	Pinnacle Money Market Savings
OTHER TIERS: 0.25% → Up to $250k \| 0.50% → $500k - $750k \| 0.75% → $750k - $1m \| 1.00% → $1m+
1.25%^*	$2.5m^*	$500k	Business Pinnacle Money Market Savings
OTHER TIERS: 0.25% → Up to $250k \| 0.50% → $500k - $750k \| 0.75% → $750k - $1m \| 1.00% → $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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.50%^*	-	$50k	Kasasa Cash Checking
OTHER TIERS: 0.15% → $50k+

The State Bank (MI) CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.75%	$500	-	60 Month CD Special
2.70%	$500	-	48 Month CD Special
2.60%	$500	-	36 Month CD Special
2.50%	$500	-	24 Month CD Special
2.25%	$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

APY	MIN	MAX	ACCOUNT NAME
2.75%	$500	-	60 Month IRA Special
2.70%	$500	-	48 Month IRA Special
2.60%	$500	-	36 Month IRA Special
2.50%	$500	-	24 Month IRA Special
2.25%	$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

Flint Area

Flint Area bank & credit union details

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.