State Savings Bank
Frankfort, MI
IDRSSD: 22543
Total Assets
$413.19M
Latest filing
Total Deposits
$374.17M
Latest filing
Net Interest Margin
4.84%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
State Savings Bank
703 Main St
Frankfort, MI 49635
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1901FDIC Certificate 5199
Branches (8)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| State Savings Bank (Main) | 703 Main St | Frankfort, MI |
| EMPIRE BRANCH | 11470 S Leelanau Hwy | Empire, MI |
| TRAVERSE CITY BANCH | 414 E Front St | Traverse City, MI |
| GAYLORD BRANCH | 126 E Main St | Gaylord, MI |
| TRAVERSE CITY CUSTOMER CARE BRANCH | 416 E Front St | Traverse City, MI |
| SUTTONS BAY BRANCH | 212 N Saint Joseph St | Suttons Bay, MI |
| GAYLORD SOUTH OFFICE BRANCH | 2091 S Otsego Ave | Gaylord, MI |
| TRAVERSE CITY GARFIELD BRANCH | 862 S. Garfield Avenue | Traverse City, 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 non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1901 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 49635 |
| State and County Number | 26019 |
| Subchapter S Corporations | No |
| 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 | Traverse City, MI |
Operational Info
| Number of Employees | 129 |
| 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.ssbankmi.com |
| Data Updated | 01/30/2026 |
| CERT | 8162 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $413.19M |
| Total Deposits | $374.17M |
| Total Liabilities | $376.43M |
| Total Equity Capital | $36.75M |
| Net Income | $634.00k |
| Net Loans and Leases | $308.23M |
| Assets Per Employee ($Millions) | $3.25M |
| Bank Premises and Fixed Assets | $23.43M |
| Cash and Balances due from Depository Institutions | $42.82M |
| Deposits Held in Domestic Offices | $374.17M |
Key Performance Ratios
| Return on Assets (ROA) | 0.59% |
| Return on Equity (ROE) | 6.96% |
| Net Interest Margin | 4.84% |
| Efficiency Ratio | 81.62% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.13% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.895% |
| Earning Assets to total Assets | 91.92% |
Income and Expense
| Total Interest Income | $6.24M |
| Total Noninterest Income | $503.00k |
| Total Interest Expense | $1.46M |
| Total Noninterest Expense | $4.31M |
| Net Interest Income | $4.78M |
| Pre-tax Net Operating Income | $833.00k |
| Provision for Credit Losses | $138.00k |
| 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 | $19.43M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.27M |
| Total Liabilities and Capital | $413.19M |
Securities
| Securities | $11.27M |
| Available-for-sale debt securities | $11.18M |
| 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 State Savings Bank?
$413.19M as of the latest filing.
How much are State Savings Bank's total deposits?
$374.17M in total deposits.
Where is State Savings Bank located?
Frankfort, MI.
What is the Net Interest Margin?
4.84%.
How many domestic offices does it operate?
9.
When was it established?
01/01/1901.
What is the Return on Assets (ROA)?
0.59%.
How much are total loans and leases?
$308.23M (latest filing).
What is the total interest income (latest filing)?
$6.24M.