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The State Savings Bank of Manistique

Manistique, MI
IDRSSD: 259956
Total Assets
$169.43M
Latest filing
Total Deposits
$140.60M
Latest filing
Net Interest Margin
3.11%
Profitability
0

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 ClassCommercial bank, state charter, Fed member, supervised by FRB
Primary RegulatorFED
Established Date07/07/1917
Community BankYes
Ownership TypeNot Mutual
ZIP49854
State and County Number26153
Subchapter S CorporationsNo
Trust PowersN/A
Federal Reserve ID Number09
Numeric code13
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictChicago
Core Based Statistical Area NameN/A

Operational Info

Number of Employees25
Domestic Offices3
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date08/31/2022
Date of Deposit Insurance01/01/1934
Primary Insurance AgencyDIF
Websitewww.statesavingsbank.com
Data Updated11/14/2025
CERT13249
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$169.43M
Total Deposits$140.60M
Total Liabilities$155.82M
Total Equity Capital$13.61M
Net Income$306.00k
Net Loans and Leases$86.27M
Assets Per Employee ($Millions)$6.52M
Bank Premises and Fixed Assets$5.76M
Cash and Balances due from Depository Institutions$7.04M
Deposits Held in Domestic Offices$140.60M

Key Performance Ratios

Return on Assets (ROA)0.73%
Return on Equity (ROE)9.24%
Net Interest Margin3.11%
Efficiency Ratio68.44%
Tier 1 Risk-Based Capital Ratio0%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.05%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets8.033%
Earning Assets to total Assets88.44%

Income and Expense

Total Interest Income$1.79M
Total Noninterest Income$159.00k
Total Interest Expense$628.00k
Total Noninterest Expense$902.00k
Net Interest Income$1.16M
Pre-tax Net Operating Income$393.00k
Provision for Credit Losses$23.00k
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$258.00k
Other borrowed funds$11.00M
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$3.94M
All Other Liabilities$273.00k
Total Liabilities and Capital$169.43M

Securities

Securities$63.58M
Available-for-sale debt securities$63.58M
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 The State Savings Bank of Manistique?
$169.43M as of the latest filing.
How much are The State Savings Bank of Manistique's total deposits?
$140.60M in total deposits.
Where is The State Savings Bank of Manistique located?
Manistique, MI.
What is the Net Interest Margin?
3.11%.
How many domestic offices does it operate?
3.
When was it established?
07/07/1917.
What is the Return on Assets (ROA)?
0.73%.
How much are total loans and leases?
$86.27M (latest filing).
What is the total interest income (latest filing)?
$1.79M.