Charlevoix State Bank

Charlevoix, MI
IDRSSD: 2232757
Total Assets
$239.64M
Latest filing
Total Deposits
$212.85M
Latest filing
Net Interest Margin
4.62%
Profitability

Routing numbers

Primary routing transit numbers associated with this institution.

072413683CHARLEVOIX, MI

Key People

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Locations

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Main Office
Charlevoix State Bank
111 State St
Charlevoix, MI 49720
Full Service - Brick and Mortar
Updated 01/30/2026Established 08/16/1994FDIC Certificate 54977

Branches (6)

Page 1 of 1
NameAddressCity / State
Charlevoix State Bank (Main)111 State StCharlevoix, MI
BEAVER ISLAND BRANCH38230 Michigan AveBeaver Island, MI
EAST JORDAN BRANCH100 Main StEast Jordan, MI
SOUTHSIDE BRANCH102 M 66 NCharlevoix, MI
ELLSWORTH BRANCH9136 Main StEllsworth, MI
WWW.CHARLEVOIXSTATEBANK.COM BRANCH102 M 66 NCharlevoix, MI
BOYNE CITY BRANCH102 S Lake StBoyne City, MI
Showing 6 of 6

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

Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date08/16/1994
Community BankYes
Ownership TypeNot Mutual
ZIP49720
State and County Number26029
Subchapter S CorporationsYes
Trust PowersN/A
Federal Reserve ID Number07
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictChicago
Core Based Statistical Area NameN/A

Operational Info

Number of Employees39
Domestic Offices7
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date10/09/2022
Date of Deposit Insurance08/16/1994
Primary Insurance AgencyDIF
Websitewww.charlevoixstatebank.com
Data Updated01/30/2026
CERT33926
Office of The Comptroller District:
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$239.64M
Total Deposits$212.85M
Total Liabilities$215.65M
Total Equity Capital$23.98M
Net Income$1.35M
Net Loans and Leases$128.10M
Assets Per Employee ($Millions)$5.84M
Bank Premises and Fixed Assets$3.13M
Cash and Balances due from Depository Institutions$25.42M
Deposits Held in Domestic Offices$212.85M

Key Performance Ratios

Return on Assets (ROA)2.2%
Return on Equity (ROE)22.68%
Net Interest Margin4.62%
Efficiency Ratio59.35%
Tier 1 Risk-Based Capital Ratio18.424%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets10.008%
Earning Assets to total Assets93.52%

Income and Expense

Total Interest Income$2.93M
Total Noninterest Income$691.00k
Total Interest Expense$307.00k
Total Noninterest Expense$1.97M
Net Interest Income$2.63M
Pre-tax Net Operating Income$1.35M
Provision for Credit Losses$0
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets
Other Real Estate Owned$0
Other borrowed funds$0
Federal Funds Sold & Reverse Repurchase Agreement$977.00k
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$2.81M
Total Liabilities and Capital$239.64M

Securities

Securities$75.47M
Available-for-sale debt securities$75.47M
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 Charlevoix State Bank?
$239.64M as of the latest filing.
How much are Charlevoix State Bank's total deposits?
$212.85M in total deposits.
Where is Charlevoix State Bank located?
Charlevoix, MI.
What is the Net Interest Margin?
4.62%.
How many domestic offices does it operate?
7.
When was it established?
08/16/1994.
What is the Return on Assets (ROA)?
2.2%.
How much are total loans and leases?
$128.10M (latest filing).
What is the total interest income (latest filing)?
$2.93M.