Central Savings Bank
Sault Sainte Marie, MI
IDRSSD: 382050
Total Assets
$487.15M
Latest filing
Total Deposits
$428.07M
Latest filing
Net Interest Margin
4.98%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Central Savings Bank
511 Bingham Ave
Sault Sainte Marie, MI 49783
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/02/1902FDIC Certificate 740
Branches (8)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| Central Savings Bank (Main) | 511 Bingham Ave | Sault Sainte Marie, MI |
| RUDYARD BRANCH | 11256 W Main St | Rudyard, MI |
| DE TOUR BRANCH | 109 Elizabeth Street | De Tour, MI |
| KINROSS BRANCH | 4693 W M 80 | Kincheloe, MI |
| PICKFORD BRANCH | 125 E Harold St | Pickford, MI |
| ST. IGNACE BRANCH | 430 N State St | St. Ignace, MI |
| MACKINAC ISLAND BRANCH | 21 Hoban Street | Mackinac Island, MI |
| CEDARVILLE BRANCH | 143 W M 134 | Cedarville, MI |
Showing 7 of 8
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 12/02/1902 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 49783 |
| State and County Number | 26033 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 13 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | Sault Ste. Marie, MI |
Operational Info
| Number of Employees | 69 |
| Domestic Offices | 9 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 10/09/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.centralsavingsbank.com |
| Data Updated | 01/30/2026 |
| CERT | 1095 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $487.15M |
| Total Deposits | $428.07M |
| Total Liabilities | $446.28M |
| Total Equity Capital | $40.87M |
| Net Income | $3.05M |
| Net Loans and Leases | $328.42M |
| Assets Per Employee ($Millions) | $6.77M |
| Bank Premises and Fixed Assets | $4.25M |
| Cash and Balances due from Depository Institutions | $35.20M |
| Deposits Held in Domestic Offices | $428.07M |
Key Performance Ratios
| Return on Assets (ROA) | 2.5% |
| Return on Equity (ROE) | 30.1% |
| Net Interest Margin | 4.98% |
| Efficiency Ratio | 38.86% |
| Tier 1 Risk-Based Capital Ratio | 14.056% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.33% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.39% |
| Earning Assets to total Assets | 93.42% |
Income and Expense
| Total Interest Income | $6.96M |
| Total Noninterest Income | $1.10M |
| Total Interest Expense | $1.32M |
| Total Noninterest Expense | $2.65M |
| Net Interest Income | $5.64M |
| Pre-tax Net Operating Income | $3.70M |
| Provision for Credit Losses | $396.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $59.00k |
| Other borrowed funds | $15.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $3.20M |
| Total Liabilities and Capital | $487.15M |
Securities
| Securities | $100.44M |
| Available-for-sale debt securities | $99.50M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Central Savings Bank?
$487.15M as of the latest filing.
How much are Central Savings Bank's total deposits?
$428.07M in total deposits.
Where is Central Savings Bank located?
Sault Sainte Marie, MI.
What is the Net Interest Margin?
4.98%.
How many domestic offices does it operate?
9.
When was it established?
12/02/1902.
What is the Return on Assets (ROA)?
2.5%.
How much are total loans and leases?
$328.42M (latest filing).
What is the total interest income (latest filing)?
$6.96M.