The Shelby State Bank
Shelby, MI
IDRSSD: 961343
Total Assets
$385.78M
Latest filing
Total Deposits
$337.35M
Latest filing
Net Interest Margin
3.70%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
The Shelby State Bank
242 N Michigan Ave
Shelby, MI 49455
Full Service - Brick and Mortar
Updated 01/30/2026Established 03/02/1910FDIC Certificate 6499
Branches (9)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| The Shelby State Bank (Main) | 242 N Michigan Ave | Shelby, MI |
| WHITELAKE BRANCH | 8238 Whitehall Road | Whitehall Township, MI |
| DALTON TOWNSHIP BRANCH | 2222 Holton Road | Dalton Township, MI |
| AIRLINE ROAD BRANCH | 6448 Airline Road | Fruitport Township, MI |
| HART BRANCH | 811 S State St | Hart, MI |
| HESPERIA BRANCH | 180 N Division Ave | Hesperia, MI |
| PENTWATER BRANCH | 388 S Hancock St | Pentwater, MI |
| MANISTEE BRANCH | 1710 Us 31 S | Manistee, MI |
Showing 7 of 9
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 | 03/02/1910 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 49455 |
| State and County Number | 26127 |
| 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 | N/A |
Operational Info
| Number of Employees | 84 |
| Domestic Offices | 10 |
| 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.shelbybank.com |
| Data Updated | 01/30/2026 |
| CERT | 10157 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $385.78M |
| Total Deposits | $337.35M |
| Total Liabilities | $354.14M |
| Total Equity Capital | $31.64M |
| Net Income | $1.10M |
| Net Loans and Leases | $213.81M |
| Assets Per Employee ($Millions) | $4.59M |
| Bank Premises and Fixed Assets | $6.41M |
| Cash and Balances due from Depository Institutions | $24.93M |
| Deposits Held in Domestic Offices | $337.35M |
Key Performance Ratios
| Return on Assets (ROA) | 1.14% |
| Return on Equity (ROE) | 14.18% |
| Net Interest Margin | 3.7% |
| Efficiency Ratio | 66.42% |
| Tier 1 Risk-Based Capital Ratio | 13.746% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.08% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.201% |
| Earning Assets to total Assets | 93.43% |
Income and Expense
| Total Interest Income | $4.30M |
| Total Noninterest Income | $984.00k |
| Total Interest Expense | $965.00k |
| Total Noninterest Expense | $2.87M |
| Net Interest Income | $3.33M |
| Pre-tax Net Operating Income | $1.38M |
| Provision for Credit Losses | $75.00k |
| 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 | $2.96M |
| Federal Funds Purchased and Repurchased Agreement | $14.62M |
| All Other Liabilities | $2.18M |
| Total Liabilities and Capital | $385.78M |
Securities
| Securities | $125.61M |
| Available-for-sale debt securities | $125.61M |
| 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 The Shelby State Bank?
$385.78M as of the latest filing.
How much are The Shelby State Bank's total deposits?
$337.35M in total deposits.
Where is The Shelby State Bank located?
Shelby, MI.
What is the Net Interest Margin?
3.70%.
How many domestic offices does it operate?
10.
When was it established?
03/02/1910.
What is the Return on Assets (ROA)?
1.14%.
How much are total loans and leases?
$213.81M (latest filing).
What is the total interest income (latest filing)?
$4.30M.