# SHELBY STATE BANK SHELBY, MI · FDIC certificate 10157 · asset band $300M-1B · latest filing 2026-06 · live **Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster). ## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses) | Measure | Value | Band median | |---|---|---| | Total assets | $397.0M | | | Deposits | $339.5M | | | Loans and leases | $218.6M | | | Total equity | $32.1M | | | Loans / deposits | 63.63% (p17 of band) | 82.04% | | Liquid assets / assets | 40.87% (p84 of band) | | | Uninsured deposits / deposits | 16.39% (p17 of band) | 25.97% | | Brokered deposits | 0.00% | | | Wholesale funding | 5.85% (p62 of band) | | | FHLB advances / assets | 0.00% | | | Tier 1 leverage | 9.06% (p14 of band) | 10.81% | | Unrealized securities loss / equity | -19.06% (p24 of band) | -8.10% | | AOCI / equity | -2.27% (p6 of band) | | | ROA (annualized) | 0.90% (p26 of band) | 1.28% | | Net interest margin | 3.77% (p42 of band) | 3.91% | | Efficiency ratio | 73.12% (p79 of band) | | | Noncurrent loans | 0.01% (p10 of band) | 0.43% | | Net charge-offs (annualized) | 0.02% (p64 of band) | | | Reserve coverage of noncurrent | 14416.67% | | | Real estate % of loans | 89% | | | Construction % of loans | 47.59% (p54 of band) | | | Auto loans | $1.6M (0.72% of loans; DQ 0.06%, NCO 0.02%) | | | Loans to nondepository financials | $0 (0% of equity) (p45 of band) | | | Deposits YoY | 3.8% | | | Employees | 79 | | ## Flags firing in the latest filing - **capital falling** (`cap_falling`) ## Warning timeline | Quarter | Score | Flags that first fired | Flags that cleared | |---|---|---|---| | 2011-03 | 0 | | | | 2011-06 | 0 | | | | 2011-09 | 1 | capital falling | | | 2011-12 | 0 | | capital falling | | 2012-03 | 2 | charge-offs p90, reserve under noncurrent | | | 2012-06 | 0 | | charge-offs p90, reserve under noncurrent | | 2012-09 | 1 | capital falling | | | 2012-12 | 0 | | capital falling | | 2013-03 | 0 | | | | 2013-06 | 0 | | | | 2013-09 | 0 | | | | 2013-12 | 2 | reserve under noncurrent, assets shrinking | | | 2014-03 | 0 | | reserve under noncurrent, assets shrinking | | 2014-06 | 0 | | | | 2014-09 | 1 | uninsured deposits leaving | | | 2014-12 | 0 | | uninsured deposits leaving | | 2015-03 | 0 | | | | 2015-06 | 0 | | | | 2015-09 | 0 | | | | 2015-12 | 0 | | | | 2016-03 | 0 | | | | 2016-06 | 0 | | | | 2016-09 | 1 | capital falling | | | 2016-12 | 0 | | capital falling | | 2017-03 | 0 | | | | 2017-06 | 0 | | | | 2017-09 | 1 | capital falling | | | 2017-12 | 0 | | capital falling | | 2018-03 | 0 | | | | 2018-06 | 0 | | | | 2018-09 | 1 | uninsured deposits leaving | | | 2018-12 | 1 | | | | 2019-03 | 0 | | uninsured deposits leaving | | 2019-06 | 0 | | | | 2019-09 | 0 | | | | 2019-12 | 1 | capital falling | | | 2020-03 | 1 | | | | 2020-06 | 1 | | | | 2020-09 | 2 | leverage <7% | | | 2020-12 | 0 | | capital falling, leverage <7% | | 2021-03 | 0 | | | | 2021-06 | 0 | | | | 2021-09 | 2 | leverage <7%, capital falling | | | 2021-12 | 0 | | leverage <7%, capital falling | | 2022-03 | 2 | AOCI drag >20% of equity, securities losses >30% of equity | | | 2022-06 | 3 | expense ratio p90 | | | 2022-09 | 3 | | | | 2022-12 | 3 | | | | 2023-03 | 2 | uninsured deposits leaving | AOCI drag >20% of equity, expense ratio p90 | | 2023-06 | 2 | expense ratio p90 | uninsured deposits leaving | | 2023-09 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | expense ratio p90 | | 2023-12 | 2 | | assets shrinking, uninsured deposits leaving | | 2024-03 | 1 | | deposits shrinking | | 2024-06 | 2 | deposits shrinking | | | 2024-09 | 1 | | deposits shrinking | | 2024-12 | 2 | uninsured deposits leaving | | | 2025-03 | 1 | | uninsured deposits leaving | | 2025-06 | 0 | | securities losses >30% of equity | | 2025-09 | 0 | | | | 2025-12 | 0 | | | | 2026-03 | 0 | | | | 2026-06 | 1 | capital falling | | ## In the news (Google News, unfiltered, newest first; check the city) - 2026-09-04 [Shelby State Bank announces personnel changes - OceanaCountyPress.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxQVTBPeFBDNjBGUGlvS3lxZVhjWVJSZU5xenhtUGhaeXV5aFB3dGN3VVRnQ2Y4eUYxN2RhWl80V3VOYy1ENnlmWks4bXV5Y1BaRDZfWlRrX0xZQjVaVDg5SS1VYmk0YjNXbnZFT21qVVBaQWM0S2VKZ25Pbk95dW1MSXZwSnJJbmJfNldPZ1VMN2I?oc=5) · OceanaCountyPress.com - 2026-06-24 [Shelby State Bank adds four to lending, wealth advisory teams - MasonCountyPress.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNWEQxcDVVMy1fYWRTQmxIN0I2azBxQTZFUFVFaGNZcnFNdFB6TVAzRE1pbHA4SVZockhSZVFJTlNWN3VFaUNVeWhRVVBaeUxvbTJNSU5kcm1fQmJsR3Y4WTFqaDZ2WFJMbUJOVm1lSzFOc1I2Uy1COVlDcXU4ci13bUtmN3p3TEhGNllVSDluWElTVldET0h2bk5VVXk3eXIzdXd5UlVfVHQ?oc=5) · MasonCountyPress.com - 2026-06-04 [Shelby State Bank promotes longtime employee, adds two managers - OceanaCountyPress.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxQZ2Z0QVhrOVpXRnJEclZqd0MxaExwakpSaEtNb3d1azBzTS1YTVJISGg4VWw2d1hOeXd2R0d1V2xnNkViMFU4X1d5aDBXMkVCVjZIOWktLWNTUXRXbDNxalVoSDh6TUNJS3dOV0JHbWZISGpnQ1ZydEZwbTNuaVU3OVZRYmJLRmNheEFiVVJId0pnV1BfTFc5VVpQWGNxLVVZLVRMZ1BrOA?oc=5) · OceanaCountyPress.com - 2025-12-12 [Shelby State Bank launches child care program - MasonCountyPress.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxOQTN2Ym1uSE9tOHA0MEZjVGJYTjBFeHRYSTdkWFRTMHhZWEJhRThINHNrMjdOMTh1dUtQRkxmb2RJTTBpdk5kT3ZVOFltaE9neU4tNEVOMzF4QXJZS1BtMV8yTlFDMVBZT0VGcXczOHdWNTlRS3F5b053OUFsVEFCczNod2k5eXpHN0p5VFotdTdzM0Rz?oc=5) · MasonCountyPress.com - 2026-06-02 [MSU credit union completes $75M debt sale to fuel growth - Crain's Grand Rapids](https://news.google.com/rss/articles/CBMihwFBVV95cUxOWUE1R0RubEdMQ3BGRjBGb3Z4dGt6UzBka05fc1R6bWNSeTQtam85SG90b2xCV0otZXR5RnlXUmxvYmgyVGk2ck0wTllXbWljNnpPZXVJYjNyQlVZREFmVUtnVG9jUG9BVkpXRDFUcmtEN2JkQTNNMnlsWFZIeU12aXMxaURFR3c?oc=5) · Crain's Grand Rapids - 2026-02-05 [Shelby State Bank employees promoted to branch managers - OceanaCountyPress.com](https://news.google.com/rss/articles/CBMingFBVV95cUxOa2QwazEtUGhnaUZTMC1uVlNickFhUmtuQ3ZBQlRYTm94ZDNfWHFCQm5Tei1mb25oZ0pZbGtHMmUyRi03NUJQVGpCQm5lVTRyYmFheWtVcEp2a2ZEMjRKcVRZNEU3UVM3ZWlCQnhYb29ZaElRUVAwUkNPdFgwalpmbF9YVDZTeFVXUDdsOGlWMVRpOU5vTk5MV3VzeG1tdw?oc=5) · OceanaCountyPress.com - 2025-12-05 [Jolene Rae Maressa Obituary Dec 5, 2025 - Beacon Cremation & Funeral Service](https://news.google.com/rss/articles/CBMiX0FVX3lxTE9fT1ctT2xqSWMwcXNSRFZObEk3RWF1TGsyUWpBWVhzSnpBRXZMRjI4SHZCQ2lKelBtOVVBZ0xzODVXdndBd2poX3dFd1N5ME9JYi1CdVJDVjRLbHlHWjQ4?oc=5) · Beacon Cremation & Funeral Service - 2024-07-08 [Shelby State Bank names new Manistee branch manager - Manistee News Advocate](https://news.google.com/rss/articles/CBMinwFBVV95cUxNWS1BSFJWS1RnZTBvVmZfNFJWRmc4emdQMkhSUXM1LVJOS1N6akU2MkdYa2U5ZTlCM0N1bjdzbHotQU9lNHprUlJYbjlYaVhaNjMzOC02a2tNRDlqWl9IRU1TN1FlU1NqRXhFNnVKbnVPc0RwNWdlOWFqeGdWWkhHX282SnE0Y3BKYnk3R1ZFV0tCRU1vM3kzYnBSUXNuUXM?oc=5) · Manistee News Advocate ## How to verify - Page: https://getbookiq.com/bank-desk/#bank=10157 (click any number for its formula and FFIEC field codes) - Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/45.json (key "10157", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags) - Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary - Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list. --- Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide