# UPPER PENINSULA STATE BANK
ESCANABA, MI · FDIC certificate 1090 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $371.7M | |
| Deposits | $303.6M | |
| Loans and leases | $309.0M | |
| Total equity | $48.9M | |
| Loans / deposits | 100.46% (p89 of band) | 82.04% |
| Liquid assets / assets | 9.30% (p3 of band) | |
| Uninsured deposits / deposits | 28.55% (p61 of band) | 25.97% |
| Brokered deposits | 8.23% | |
| Wholesale funding | 12.26% (p82 of band) | |
| FHLB advances / assets | 4.04% | |
| Tier 1 leverage | 13.42% (p82 of band) | 10.81% |
| Unrealized securities loss / equity | -5.22% (p61 of band) | -8.10% |
| AOCI / equity | -0.17% (p61 of band) | |
| ROA (annualized) | 1.41% (p58 of band) | 1.28% |
| Net interest margin | 4.48% (p82 of band) | 3.91% |
| Efficiency ratio | 60.66% (p48 of band) | |
| Noncurrent loans | 1.09% (p75 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p22 of band) | |
| Reserve coverage of noncurrent | 120.84% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 29.19% (p35 of band) | |
| Auto loans | $4.9M (1.58% of loans; DQ 1.12%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 4.6% | |
| Employees | 60 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 2 | capital falling |  |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2014-09 | 4 | charge-offs p90 | reserve under noncurrent |
| 2014-12 | 4 | reserve under noncurrent | assets shrinking |
| 2015-03 | 2 | capital falling | deposits shrinking, charge-offs p90, reserve under noncurrent |
| 2015-06 | 0 |  | uninsured deposits leaving, capital falling |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 2 | capital falling, uninsured deposits leaving |  |
| 2016-09 | 0 |  | capital falling, uninsured deposits leaving |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | capital falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | capital falling, charge-offs p90 |  |
| 2018-06 | 1 |  | capital falling |
| 2018-09 | 0 |  | charge-offs p90 |
| 2018-12 | 1 | capital falling |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 0 |  | capital falling |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 0 |  |  |
| 2023-06 | 1 | capital falling |  |
| 2023-09 | 0 |  | capital falling |
| 2023-12 | 0 |  |  |
| 2024-03 | 1 | capital falling |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 0 |  | capital falling |
| 2024-12 | 0 |  |  |
| 2025-03 | 1 | capital falling |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 0 |  | capital falling |
| 2025-12 | 1 | reserve under noncurrent |  |
| 2026-03 | 0 |  | reserve under noncurrent |
| 2026-06 | 2 | loans exceed deposits, liquid assets <10% |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-09-30 [Ground broken for Upper Peninsula State Bank office project - Upper Michigan's Source](https://news.google.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?oc=5) · Upper Michigan's Source
- 2026-05-06 [Bank display informs on Soo Line history - - dailypress.net](https://news.google.com/rss/articles/CBMilwFBVV95cUxOd29lanZ0N1VGNU92Y01nSTZMZ1d6aUpuREwwb0VJS2xUWXdCek5yMG45TXhsbXlzcllaVXVPV2w4bVVBYnRkTHlYYnYtSHZXQ3BCeENtMmdWMVE3bnRZZy1icDJzNW40QmVBaTF3VzlSUHNYeGNBV3hqeFJ1M0FqaGZUSmRxRkU5OWkwMWJMMUZIaFdPb05N?oc=5) · dailypress.net
- 2024-06-24 [UPPER PENINSULA STATE BANK ANNOUNCES PLANS TO BUILD OFFICE IN HOUGHTON - The Mining Journal](https://news.google.com/rss/articles/CBMitAFBVV95cUxOc096ZVJxNjJaWUZaNkh6TGZfYWxsVUhLQ1AydlNCeU5Va2VhWXA1bERrYUtNQjNtdU1NRk5ORkY3Nzg2T3VPQmtCbzdVNGw5bHpIU1ZCV0ZYR1lLQmI4VWF0OWk0Wkw0UG1tTWt2cmt4RjA1N2Y1TTNZM1ZIQ3Q3MzdVYmk3akpCbDdackJoX0MxMHBOVkMyQTJkZkVLUWRuSHk5emRYbTRQQ0thMlhPYTlqNWg?oc=5) · The Mining Journal
- 2025-10-01 [Condos and commerce: Houghton breaks ground on $17.5M Gateway Project - myupnow.com](https://news.google.com/rss/articles/CBMi3wFBVV95cUxOcEt4aDB6VGxFVmJHZV9BTmxSa1hVV3J4dDBNYUhVdVhpeHRwXzY2NUFSWGZXM2dCS3pqMjFoZG1PVldaNXp2TVlmUlo1NkxOTWtkSGpydWVKdWMtOEpYVEFyWXcyMFlvRzdBWGdETXNHTDNDWVJuZlk5aEsxUUx4TGMzMnVzVjVtN2RidmN6dXF6S3k0QXk4SW95UVgzTkRGbFIxd1JHVEJsVTB1ZmpNY2RvQVNhTjg2SFo5NHNoQ2FMeGRSUW9nTUt5UHRLWnM3UE1jRUtPcHlyZGRERkJB?oc=5) · myupnow.com
- 2020-06-02 [Alumnus Hired by Upper Peninsula State Bank - Northern Michigan University](https://news.google.com/rss/articles/CBMib0FVX3lxTE9kTVhLa3QwaEJWY1U0ZG05UVdpaDZsVUlTVWthUXlvcjhWRWJmV2VQeEsteXU3ajg3QXpPbTJSMEVHRWpBSV9UOVFRM0FuOUdaY0VnV1RTVEJELUF5LU1NdkZZQ0pnWC1md3JqcmFJdw?oc=5) · Northern Michigan University
- 2025-08-28 [CEO of UP bank receives award for contributions to banking industry - Upper Michigan's Source](https://news.google.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?oc=5) · Upper Michigan's Source
- 2024-06-14 [Upper Peninsula State Bank announces new downtown Houghton location - Upper Michigan's Source](https://news.google.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?oc=5) · Upper Michigan's Source
- 2021-11-09 [Upper Peninsula State Bank expanding - Upper Michigan's Source](https://news.google.com/rss/articles/CBMijgFBVV95cUxNZE5ZRzFtX0EwNE5wOE5KRS1oN3VBbjdtcV9XS3AtZGhBMU9ueUIxbkpTYnFOa00wOGxXeWdoTHBEd05jRXdxM0ZHeVFSSVAxY2loeFRGcXNyOHFvVHRkRmRLMG93Q182TkQzcEdVOFlRcVo1SmxwUllhOWxfYW5paWtvQ0huOEtETDd5S19R0gGiAUFVX3lxTE1DOFJlbU01eU11MTVKakU1UUJwV05yLVJRcFZRLTF1MWRsMGxkMEIxd0plV3BEQXY2N2FRME1iMU5kYUI0d3oxTmJVYnpsZ044RWRtczEtOHNObU9DdmNtQWRDYXo1Mm5aTmMtYkh0azM2OUJvMEJ4ZXl0SE5Ca2lPdC1rb2tiVlhmQV9XNTE2UFVaNEJXN2U2T0hlVlVMMHBxdw?oc=5) · Upper Michigan's Source

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1090 (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/2.json (key "1090", 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.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide