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 State Savings Bank
State Savings Bank
| RSSD ID 22543 | CERTIFICATE 8162 | ABA NUMBER 72406506 |
| 703 Main St |
Quarter Ended : |
2025-03-31 |
| Frankfort, Michigan, 49635 |
Updated : |
2025-04-30 |
| 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 : |
125 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 383,153 |
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Total Interest Income | 5,123 |
| Total Liabilities | 347,670 |
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Total NonInterest Income | 479 |
| Total Bank Equity Capital | 35,483 |
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Total Interest Expense | 1,216 |
| Total Deposits | 345,569 |
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Total NonInterest Expense | 4,271 |
| Net Loans & Leases | 279,751 |
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Net Income | 97 |
| Loan Loss Allowance | 2,577 |
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Net Charge Offs | 19 |
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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 | 278,481 |
| Total assets for the leverage ratio | 374,960 |
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Loans secured by real estate: | 253,336 |
| Tier 1 Leverage Ratio | 9.47 |
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Commercial and industrial loans | 22,586 |
| Off Balance Sheet Exposures (%) | 8.67 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 1,940 |
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:· State Savings Bank
