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 State Savings Bank
State Savings Bank
| RSSD ID 22543 | CERTIFICATE 8162 | ABA NUMBER 72406506 |
| 703 Main St |
Quarter Ended : |
2025-09-30 |
| Frankfort, Michigan, 49635 |
Updated : |
2025-10-29 |
| 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 : |
129 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 443,657 |
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Total Interest Income | 16,662 |
| Total Liabilities | 407,537 |
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Total NonInterest Income | 1,535 |
| Total Bank Equity Capital | 36,120 |
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Total Interest Expense | 3,918 |
| Total Deposits | 405,469 |
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Total NonInterest Expense | 13,044 |
| Net Loans & Leases | 290,997 |
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Net Income | 924 |
| Loan Loss Allowance | 2,502 |
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Net Charge Offs | 27 |
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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 | 292,852 |
| Total assets for the leverage ratio | 423,394 |
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Loans secured by real estate: | 267,441 |
| Tier 1 Leverage Ratio | 8.52 |
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Commercial and industrial loans | 23,187 |
| Off Balance Sheet Exposures (%) | 8.32 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 1,682 |
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:· State Savings Bank
