Upper Peninsula State Bank is headquartered in Escanaba and is the 64th largest bank in the state of Michigan. It is also the 3,043rd largest bank in the nation. It was established in 1902 and as of December of 2017, it had grown to 42 employees at 2 locations. Upper Peninsula State Bank has an A+ health rating.
I joined my bank about 4 years ago specifically because they had a downtown branch near my house. Unfortunately, the downtown branch closed within the last year and since then it just hasn't been worth it. I have a checking account with the bank and while I have no issues with my account there, the tellers are often rude.
Every Christmas I get checks from family in the lower peninsula and the tellers are always discourteous about it. I will bring the check in and they will rudely inform me that they will have to hold the check as it is out of area. I am fine with them having to hold the check, this is standard practice, however they are very specific about how they don't trust out of area banks and would have no problem trusting a check from a bank down the street.
The tellers have also asked me information which I find a little too personal, asking why I get paid through the internet, do I sell stuff on the internet, and giving me the side eye when I say that I do freelance work online.
Overall, the bank isn't bad, but as they are no longer more convenient to me than any other bank in the area, and the service has been pretty consistently rude, I plan on switching banks soon.
|FDIC Certificate #||1090|
|Return on Assets - YTD||1.08%|
|Return on Equity - YTD||6.4%|
|Annual Interest Income||$7.8MM|
|Assets and Liabilities|
|Assets||Q4 2017vs Q4 2016||$190.9MM$181.4MM|
|Loans||Q4 2017vs Q4 2016||$121.0MM$118.6MM|
|Deposits||Q4 2017vs Q4 2016||$151.7MM$142.7MM|
|Equity Capital||Q4 2017vs Q4 2016||$31.7MM$31.0MM|
|Loan Loss Allowance||Q4 2017vs Q4 2016||$2.4MM$2.3MM|
|Unbacked Noncurrent Loans||Q4 2017vs Q4 2016||$1.2MM$1.2MM|
|Real Estate Owned||Q4 2017vs Q4 2016||$330.00K$388.00K|
Sorry, we do not have rate data for Upper Peninsula State Bank.
|Upper Peninsula State Bank Locations|
|Iron Mountain Branch||1890 South Stephenson Avenue||Iron Mountain, MI 49801|
|Upper Peninsula State Bank||430 North Lincoln Road||Escanaba, MI 49829|