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 The State Bank
The State Bank
| RSSD ID 602048 | CERTIFICATE 11406 | ABA NUMBER 72403350 |
| 175 N Leroy St |
Quarter Ended : |
2024-12-31 |
| Fenton, Michigan, 48430 |
Updated : |
2025-01-28 |
| www.thestatebank.com |
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| Institution Profile |
| Year Opened : |
1898 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
21 |
Number of Employees : |
225 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 1,806,828 |
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Total Interest Income | 87,752 |
| Total Liabilities | 1,640,208 |
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Total NonInterest Income | 9,111 |
| Total Bank Equity Capital | 166,620 |
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Total Interest Expense | 37,719 |
| Total Deposits | 1,469,751 |
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Total NonInterest Expense | 41,631 |
| Net Loans & Leases | 1,422,502 |
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Net Income | 12,755 |
| Loan Loss Allowance | 14,400 |
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Net Charge Offs | 2,654 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 180,218 |
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Total loans | 1,444,037 |
| Total assets for the leverage ratio | 1,836,331 |
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Loans secured by real estate: | 1,331,780 |
| Tier 1 Leverage Ratio | 9.03 |
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Commercial and industrial loans | 108,945 |
| Tier 1 Capital Ratio | 12.08 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 13.13 |
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Loans to individuals - Other | 3,312 |
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:· The State Bank
