Charlevoix State Bank
Charlevoix, MI
IDRSSD: 2232757
Total Assets
$250.28M
Latest filing
Total Deposits
$223.47M
Latest filing
Net Interest Margin
4.40%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Charlevoix State Bank
111 State St
Charlevoix, MI 49720
Full Service - Brick and Mortar
Updated 11/14/2025Established 08/16/1994FDIC Certificate 54977
Branches (6)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Charlevoix State Bank (Main) | 111 State St | Charlevoix, MI |
| BEAVER ISLAND BRANCH | 38230 Michigan Ave | Beaver Island, MI |
| EAST JORDAN BRANCH | 100 Main St | East Jordan, MI |
| SOUTHSIDE BRANCH | 102 M 66 N | Charlevoix, MI |
| ELLSWORTH BRANCH | 9136 Main St | Ellsworth, MI |
| WWW.CHARLEVOIXSTATEBANK.COM BRANCH | 102 M 66 N | Charlevoix, MI |
| BOYNE CITY BRANCH | 102 S Lake St | Boyne 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
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 08/16/1994 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 49720 |
| State and County Number | 26029 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 39 |
| Domestic Offices | 7 |
| 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 | 08/16/1994 |
| Primary Insurance Agency | DIF |
| Website | www.charlevoixstatebank.com |
| Data Updated | 11/14/2025 |
| CERT | 33926 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $250.28M |
| Total Deposits | $223.47M |
| Total Liabilities | $226.71M |
| Total Equity Capital | $23.56M |
| Net Income | $1.44M |
| Net Loans and Leases | $121.29M |
| Assets Per Employee ($Millions) | $6.42M |
| Bank Premises and Fixed Assets | $3.25M |
| Cash and Balances due from Depository Institutions | $43.91M |
| Deposits Held in Domestic Offices | $223.47M |
Key Performance Ratios
| Return on Assets (ROA) | 2.34% |
| Return on Equity (ROE) | 24.86% |
| Net Interest Margin | 4.4% |
| Efficiency Ratio | 58.69% |
| Tier 1 Risk-Based Capital Ratio | 19.154% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.414% |
| Earning Assets to total Assets | 92.01% |
Income and Expense
| Total Interest Income | $2.86M |
| Total Noninterest Income | $985.00k |
| Total Interest Expense | $356.00k |
| Total Noninterest Expense | $2.05M |
| Net Interest Income | $2.50M |
| Pre-tax Net Operating Income | $1.44M |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $1.35M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $3.25M |
| Total Liabilities and Capital | $250.28M |
Securities
| Securities | $74.15M |
| Available-for-sale debt securities | $74.15M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| 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?
$250.28M as of the latest filing.
How much are Charlevoix State Bank's total deposits?
$223.47M in total deposits.
Where is Charlevoix State Bank located?
Charlevoix, MI.
What is the Net Interest Margin?
4.40%.
How many domestic offices does it operate?
7.
When was it established?
08/16/1994.
What is the Return on Assets (ROA)?
2.34%.
How much are total loans and leases?
$121.29M (latest filing).
What is the total interest income (latest filing)?
$2.86M.