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 State Savings Bank
State Savings Bank
| RSSD ID 22543 | CERTIFICATE 8162 | ABA NUMBER 72406506 |
| 703 Main St |
Quarter Ended : |
2025-06-30 |
| Frankfort, Michigan, 49635 |
Updated : |
2025-07-30 |
| www.ssbankmi.com |
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| Institution Profile |
| Year Opened : |
1901 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
9 |
Number of Employees : |
123 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 409,460 |
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Total Interest Income | 10,665 |
| Total Liabilities | 374,078 |
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Total NonInterest Income | 973 |
| Total Bank Equity Capital | 35,382 |
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Total Interest Expense | 2,472 |
| Total Deposits | 371,671 |
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Total NonInterest Expense | 8,584 |
| Net Loans & Leases | 290,608 |
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Net Income | 443 |
| Loan Loss Allowance | 2,531 |
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Net Charge Offs | 26 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 288,764 |
| Total assets for the leverage ratio | 384,954 |
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Loans secured by real estate: | 262,993 |
| Tier 1 Leverage Ratio | 9.19 |
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Commercial and industrial loans | 23,485 |
| Off Balance Sheet Exposures (%) | 8.65 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 1,706 |
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:· State Savings Bank
