First State Bank of Michigan
Decatur, MI
IDRSSD: 654047
Total Assets
$80.55M
Latest filing
Total Deposits
$64.81M
Latest filing
Net Interest Margin
4.23%
Profitability
Key People
Loading leadership data...
Locations
Main office and branches. Select to view on the map.
Main Office
First State Bank of Michigan
124 S Phelps St
Decatur, MI 49045
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1870FDIC Certificate 8162
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| First State Bank of Michigan (Main) | 124 S Phelps St | Decatur, MI | ||
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
Similar banks
The Port Austin State Bank
Port Austin, Michigan
→
Assets: $67.85MΔ +3.9%
JPMorgan Chase Bank, Dearborn
Dearborn, Michigan
→
Assets: $69.89MΔ +7.0%
Homestead Savings Bank
Albion, Michigan
→
Assets: $71.35MΔ +9.3%
The First National Bank of Wakefield
Wakefield, Michigan
→
Assets: $54.22MΔ -17.0%
Community Unity Bank
Birmingham, Michigan
→
Assets: $80.11MΔ +22.7%
Mayville State Bank
Mayville, Michigan
→
Assets: $94.15MΔ +44.2%
Institution Profile
| Institution Class | Commercial bank, state charter, Fed member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 01/01/1870 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 49045 |
| State and County Number | 26159 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 07 |
| 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 | N/A |
Operational Info
| Number of Employees | 20 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 07/30/2025 |
| Date of Deposit Insurance | 01/02/1934 |
| Primary Insurance Agency | DIF |
| Website | www.fsbdecatur.com |
| Data Updated | 01/30/2026 |
| CERT | 12893 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $80.55M |
| Total Deposits | $64.81M |
| Total Liabilities | $65.05M |
| Total Equity Capital | $15.50M |
| Net Income | $-284,000 |
| Net Loans and Leases | $43.40M |
| Assets Per Employee ($Millions) | $4.03M |
| Bank Premises and Fixed Assets | $614.00k |
| Cash and Balances due from Depository Institutions | $25.02M |
| Deposits Held in Domestic Offices | $64.81M |
Key Performance Ratios
| Return on Assets (ROA) | -1.56% |
| Return on Equity (ROE) | -7.27% |
| Net Interest Margin | 4.23% |
| Efficiency Ratio | 117.1% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.68% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 19.243% |
| Earning Assets to total Assets | 91.83% |
Income and Expense
| Total Interest Income | $948.00k |
| Total Noninterest Income | $29.00k |
| Total Interest Expense | $246.00k |
| Total Noninterest Expense | $891.00k |
| Net Interest Income | $702.00k |
| Pre-tax Net Operating Income | $-284,000 |
| Provision for Credit Losses | $124.00k |
| 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 | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $244.00k |
| Total Liabilities and Capital | $80.55M |
Securities
| Securities | $6.64M |
| Available-for-sale debt securities | $6.64M |
| 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 First State Bank of Michigan?
$80.55M as of the latest filing.
How much are First State Bank of Michigan's total deposits?
$64.81M in total deposits.
Where is First State Bank of Michigan located?
Decatur, MI.
What is the Net Interest Margin?
4.23%.
How many domestic offices does it operate?
1.
When was it established?
01/01/1870.
What is the Return on Assets (ROA)?
-1.56%.
How much are total loans and leases?
$43.40M (latest filing).
What is the total interest income (latest filing)?
$948.00k.