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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 10th largest bank in the state of Michigan. It is also the 639th largest bank in the nation. It was established in 1898 and as of March of 2023, it had grown to 237 employees at 21 locations. The State Bank (MI)'s CD rates are 5X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11406
Year Established1898
Employees237
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD12.34%
Annual Interest Income$18.7MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$1.75B$1.43B
LoansQ1 2023vs Q1 2022$1.44B$1.13B
DepositsQ1 2023vs Q1 2022$1.35B$1.25B
Equity CapitalQ1 2023vs Q1 2022$144.5MM$134.8MM
Loan Loss AllowanceQ1 2023vs Q1 2022$15.2MM$11.0MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$2.7MM$2.3MM
Real Estate OwnedQ1 2023vs Q1 2022$293.00K$383.00K
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
1.51%*-$100kKasasa 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

The State Bank (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$20k*-Prosperity Money Market Account
OTHER TIERS: 0.45% → Up to $2.5k | 0.55% → $2.5k - $5k | 0.57% → $5k - $10k | 0.60% → $10k - $15k | 0.65% → $15k - $20k
0.75%*$1m*$250kPinnacle Money Market Savings
OTHER TIERS: 0.55% → Up to $250k | 0.57% → $250k - $500k | 0.60% → $500k - $750k | 0.65% → $750k - $1m

The State Bank (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*-$50kKasasa Cash Checking
OTHER TIERS: 0.75% → $50k+

The State Bank (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.09%$500-9 Month CD Special
4.32%$500-12 Month CD Special
3.80%$500-24 - 60 Month CD Special
1.76%$500-60 Month or More CD
1.66%$500-48-59 Month CD
1.66%$500-36-47 Month CD
1.66%$500-24-35 Month CD
1.51%$500-12-23 Month CD
1.11%$500-182-364 Day CD
0.90%$500-91-181 Day CD
0.90%$10k-32-90 Day CD
0.90%$20k-7-31 Day CD

The State Bank (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.09%$500-9 Month IRA Special
4.32%$500-12 Month IRA Special
3.80%$500-24 - 60 Month IRA Special
1.76%$500-60 Month or More IRA
1.66%$500-24-35 Month IRA
1.66%$500-36-47 Month IRA
1.66%$500-48-59 Month IRA
1.51%$500-12-23 Month IRA
1.11%$500-182-364 Day IRA
0.90%$20k-7-31 Day IRA
0.90%$500-91-181 Day IRA
0.90%$10k-32-90 Day IRA
Locations

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