# STATE BANK
FENTON, MI · FDIC certificate 11406 · asset band $1-10B · latest filing 2024-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 0 (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 | $1.81B | |
| Deposits | $1.47B | |
| Loans and leases | $1.44B | |
| Total equity | $166.6M | |
| Loans / deposits | 96.86% (p79 of band) | 86.88% |
| Liquid assets / assets | 16.90% (p32 of band) | |
| Uninsured deposits / deposits | 28.79% (p46 of band) | 29.82% |
| Brokered deposits | 2.23% | |
| Wholesale funding | 11.08% (p63 of band) | |
| FHLB advances / assets | 8.86% | |
| Tier 1 leverage | 9.03% (p20 of band) | 10.06% |
| Unrealized securities loss / equity | -6.85% (p72 of band) | -14.16% |
| AOCI / equity | 0.91% (p71 of band) | |
| ROA (annualized) | 0.72% (p33 of band) | 0.92% |
| Net interest margin | 3.01% (p39 of band) | 3.23% |
| Efficiency ratio | 70.09% (p66 of band) | |
| Noncurrent loans | 0.75% (p71 of band) | 0.42% |
| Net charge-offs (annualized) | 0.15% (p82 of band) | |
| Reserve coverage of noncurrent | 132.79% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 18.91% (p16 of band) | |
| Auto loans | $889,000 (0.06% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | 5.4% | |
| Employees | 225 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | leverage <7%, losing money, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 3 | noncurrent p90 | leverage <7%, losing money |
| 2011-09 | 3 | losing money | noncurrent p90 |
| 2011-12 | 4 | noncurrent p90 |  |
| 2012-03 | 5 | expense ratio p90, uninsured deposits leaving | noncurrent p90 |
| 2012-06 | 4 |  | expense ratio p90 |
| 2012-09 | 1 |  | charge-offs p90, reserve under noncurrent, losing money |
| 2012-12 | 2 | expense ratio p90 |  |
| 2013-03 | 0 |  | uninsured deposits leaving, expense ratio p90 |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | capital falling |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 0 |  | capital falling |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | loans exceed deposits |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 0 |  | loans exceed deposits |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | loans exceed deposits |  |
| 2017-12 | 1 | liquid assets <10% | loans exceed deposits |
| 2018-03 | 2 | loans exceed deposits |  |
| 2018-06 | 1 |  | liquid assets <10% |
| 2018-09 | 0 |  | loans exceed deposits |
| 2018-12 | 1 | loans exceed deposits |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | liquid assets <10% |  |
| 2019-09 | 1 |  | liquid assets <10% |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | loans exceed deposits |
| 2020-06 | 3 | loans exceed deposits, liquid assets <10%, capital falling |  |
| 2020-09 | 2 |  | liquid assets <10% |
| 2020-12 | 2 | liquid assets <10% | capital falling |
| 2021-03 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 3 | loans exceed deposits, wholesale funding >15%, capital falling |  |
| 2023-03 | 4 | uninsured deposits leaving |  |
| 2023-06 | 1 |  | wholesale funding >15%, capital falling, uninsured deposits leaving |
| 2023-09 | 2 | uninsured deposits leaving |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 1 |  | uninsured deposits leaving |
| 2024-06 | 1 |  |  |
| 2024-09 | 0 |  | loans exceed deposits |
| 2024-12 | 0 |  |  |

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

- 2026-09-09 [Chelsea bank’s first female president honored with statewide award - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-01-09 [Michigan’s Zeal Credit Union to buy another UP bank - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNX1FtcTlTWnpRTWh1SVdibzNzU010UVIwZlpEVjFtQXFXMWpka29jX19JUDZwdThzUlhCc2tkZEZkdkpXY01NcXhIT3U5YXpFV2k4U1BqVzVTSWVzTi1UcEdkMW9Vem9hM3FxLThEOE9VUnRRSzN4S2g2UE83c3E0QTFxWWVSOC0wa2xtOGpXM3VfWVNQWG1aWnZELUpBcE13MFcwOGJCaTRaZEJ4Z19hSXRUUjlMSHpp?oc=5) · Banking Dive
- 2026-09-01 [Michigan Thumb bank expands its holdings with acquisition - Crain's Detroit](https://news.google.com/rss/articles/CBMigAFBVV95cUxOc0VBNkZWOUsyUkFuSGYwTWl2cHlsVGt4QWNQc3VzVmlYelYwb2R6NTBfbXFOTE0yNnVwZmM3bUZydzBQT3JsbjFVa3VxQWhoendjYjRyb3N0NHQ3SHJWVDM1aUl4LXVXMlZWMkNEWlFudUZMdEFmdHNEUkxZVVcwNA?oc=5) · Crain's Detroit
- 2026-08-31 [Tri-County Bancorp Completes Mayville Financial Merger, Creating $734 Million-Asset Michigan Community Bank - Pulse 2.0](https://news.google.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?oc=5) · Pulse 2.0
- 2026-06-23 [Suspect jailed after reported armed robbery at Lake Osceola State Bank in Tustin - WPBN](https://news.google.com/rss/articles/CBMi1AFBVV95cUxOdk5NUk1jcFg5a3FJbndZZlJ5WElGWUFiWDlQX1BtaXlxZHllUlBkVlpBUVpRZXplQzdGLUdVdWh6MUlYTWRycEhmX05oODZULUdqNmZpaG9ia1BETk5JWVhnWkdRcGFoNzRVTGJ3SGN0dlBXZUhaVlprcnpRRFZfQzA3NTRfaUJkOTZMT0VpNjB0WW5wUWVOalpCLVRlYUpDanhLaGg3MXFOTTZOZnVWLU1yOG16UnM4NFFNa1ZuMzE1UnNhU2NyS1h2TVVCcngzc1JjaA?oc=5) · WPBN
- 2026-05-07 [Tri-County Bancorp, Inc. and Mayville Financial Corp. Announce Merger Agreement - PR Newswire](https://news.google.com/rss/articles/CBMizAFBVV95cUxPSlFtVTZxZ3dQNW1TTE9xeHhlcEFvNl92dWJ2OGZCOFhyelh3dlQwRnhKVUlQZGh2bDVkd2NRSG5mLTEyNFBPMy1Kb1kwLTJ4ZUk3UzFSZHA0bFJnWUdzRDlyNXFFNUdleE9fLW1FbWZvTFlZTXd6bFhmNERNR3VJWWpRczBFWEZrMEVZaVZZaUY1MTJNSS1FMmpib2x1b0cyNmRMbklrWDN0c3NXRk51UXU5SmxhX2lKWmhNTFR4ekxVQUlUQnJZdEhmQWY?oc=5) · PR Newswire
- 2026-05-16 [Tri-County Bank, Mayville State Bank to Merge - tuscolatoday.com](https://news.google.com/rss/articles/CBMixwFBVV95cUxQamNKQ3Yxc0FISVBGWU5JbXFPcThUMkgwd2xCSkdHbEVBVzNmWm9GT01HR0VjUDIxYVg3ZVgwUk1ld01WaW1qRVJoT05YNVl6clpCeEVWWGhxYU93SWN5aTBXdlBEZTZwYndwVjByMnlJR0R4N05La1V1d3RqNzk5STUtV01DQ0wtemNRSlBIZGxuNjJyT0c3Qm5UdVpRSVloLTZVR0c4V192TmpYZlRLZW50Yjh4Um9DNEJUUHd0V3h0bERrZ0RV?oc=5) · tuscolatoday.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

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=11406 (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/14.json (key "11406", 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