Freeland State Bank
Freeland, MI
IDRSSD: 735049
Total Assets
$51.18M
Latest filing
Total Deposits
$42.58M
Latest filing
Net Interest Margin
2.62%
Profitability
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 First National Bank of Wakefield
Wakefield, Michigan
→
Assets: $54.22MΔ +5.9%
First State Bank of Michigan
Decatur, Michigan
→
Assets: $65.30MΔ +27.6%
The Port Austin State Bank
Port Austin, Michigan
→
Assets: $67.85MΔ +32.6%
JPMorgan Chase Bank, Dearborn
Dearborn, Michigan
→
Assets: $69.89MΔ +36.6%
Homestead Savings Bank
Albion, Michigan
→
Assets: $71.35MΔ +39.4%
Community Unity Bank
Birmingham, Michigan
→
Assets: $80.11MΔ +56.5%
Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1904 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 48623 |
| State and County Number | 26145 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institution closed or not insured by FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | Saginaw, MI |
Operational Info
| Number of Employees | 8 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 11/16/2024 |
| Date of Deposit Insurance | 10/08/1934 |
| Primary Insurance Agency | DIF |
| Website | N/A |
| Data Updated | 11/28/2025 |
| CERT | 14926 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $51.18M |
| Total Deposits | $42.58M |
| Total Liabilities | $42.67M |
| Total Equity Capital | $8.51M |
| Net Income | $-16,000 |
| Net Loans and Leases | $1.91M |
| Assets Per Employee ($Millions) | $6.4M |
| Bank Premises and Fixed Assets | $231.00k |
| Cash and Balances due from Depository Institutions | $22.73M |
| Deposits Held in Domestic Offices | $42.58M |
Key Performance Ratios
| Return on Assets (ROA) | -0.12% |
| Return on Equity (ROE) | -0.76% |
| Net Interest Margin | 2.62% |
| Efficiency Ratio | 106.65% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.02% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 16.623% |
| Earning Assets to total Assets | 95.92% |
Income and Expense
| Total Interest Income | $379.00k |
| Total Noninterest Income | $5.00k |
| Total Interest Expense | $53.00k |
| Total Noninterest Expense | $353.00k |
| Net Interest Income | $326.00k |
| Pre-tax Net Operating Income | $-20,000 |
| Provision for Credit Losses | $-2,000 |
| 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 | $93.00k |
| Total Liabilities and Capital | $51.18M |
Securities
| Securities | $25.95M |
| Available-for-sale debt securities | $15.82M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $10.13M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Freeland State Bank?
$51.18M as of the latest filing.
How much are Freeland State Bank's total deposits?
$42.58M in total deposits.
Where is Freeland State Bank located?
Freeland, MI.
What is the Net Interest Margin?
2.62%.
How many domestic offices does it operate?
1.
When was it established?
01/01/1904.
What is the Return on Assets (ROA)?
-0.12%.
How much are total loans and leases?
$1.91M (latest filing).
What is the total interest income (latest filing)?
$379.00k.