# FIRST STATE BANK OF MICHIGAN
DECATUR, MI · FDIC certificate 12893 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $87.8M | |
| Deposits | $71.6M | |
| Loans and leases | $63.8M | |
| Total equity | $14.9M | |
| Loans / deposits | 88.31% (p77 of band) | 73.59% |
| Liquid assets / assets | 20.42% (p23 of band) | |
| Uninsured deposits / deposits | 9.69% (p13 of band) | 19.81% |
| Brokered deposits | 27.80% | |
| Wholesale funding | 27.80% (p98 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.89% (p70 of band) | 11.76% |
| Unrealized securities loss / equity | 0.11% (p99 of band) | -6.57% |
| AOCI / equity | -0.48% (p45 of band) | |
| ROA (annualized) | -1.32% (p3 of band) | 1.17% |
| Net interest margin | 3.77% (p41 of band) | 3.93% |
| Efficiency ratio | 128.47% (p97 of band) | |
| Noncurrent loans | 0.88% (p67 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 108.75% | |
| Real estate % of loans | 48% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $1.3M (2.03% of loans; DQ 1.93%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 55.0% | |
| Employees | 20 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## 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 | 1 |  |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-12 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2013-03 | 2 | noncurrent p90 |  |
| 2013-06 | 2 | capital falling | noncurrent p90 |
| 2013-09 | 2 |  |  |
| 2013-12 | 1 |  | capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 2 | noncurrent p90 |  |
| 2014-09 | 1 |  | noncurrent p90 |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 0 |  | reserve under noncurrent |
| 2016-03 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2016-06 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | deposits shrinking |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | noncurrent p90, reserve under noncurrent | deposits shrinking |
| 2019-03 | 2 | charge-offs p90, deposits shrinking | noncurrent p90, reserve under noncurrent |
| 2019-06 | 0 |  | charge-offs p90, deposits shrinking |
| 2019-09 | 0 |  |  |
| 2019-12 | 2 | deposits shrinking, assets shrinking |  |
| 2020-03 | 0 |  | deposits shrinking, assets shrinking |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 2 | deposits shrinking, assets shrinking |  |
| 2022-09 | 0 |  | deposits shrinking, assets shrinking |
| 2022-12 | 2 | deposits shrinking, assets shrinking |  |
| 2023-03 | 3 | charge-offs p90 |  |
| 2023-06 | 3 | expense ratio p90 | assets shrinking |
| 2023-09 | 3 | assets shrinking, uninsured deposits leaving | charge-offs p90, expense ratio p90 |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 | capital falling | uninsured deposits leaving |
| 2024-06 | 0 |  | deposits shrinking, assets shrinking, capital falling |
| 2024-09 | 2 | losing money, expense ratio p90 |  |
| 2024-12 | 3 | NIM <2.5% |  |
| 2025-03 | 2 |  | NIM <2.5% |
| 2025-06 | 2 |  |  |
| 2025-09 | 3 | reserve under noncurrent |  |
| 2025-12 | 7 | brokered >10%, wholesale funding >15%, capital falling, uninsured deposits leaving |  |
| 2026-03 | 6 |  | reserve under noncurrent |
| 2026-06 | 5 |  | uninsured deposits leaving |

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

- 2025-10-25 [Two OMP Residents to Launch New Bank – Grand Traverse State Bank - Old Mission Gazette](https://news.google.com/rss/articles/CBMif0FVX3lxTE5WZ3g3RnpmdjUtTzJIV0dOTUlNY3g4RkRPd0E4YjlXczRfRUx5U0g0MEoxYVFGdzgzXzJCQXRKT2hZczljUW9PV1AxTjYwdkV0VXZjekRiQnJ5a2dtQlZTNTJPRjEzLTV2ZWlUM290WGd6ajRsb1dQVzRQZWxPdWc?oc=5) · Old Mission Gazette
- 2025-10-27 [New banking strategy focuses on the 313 to make small business loans in Detroit - Detroit Free Press](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPaVVkanhETnJQTUR6VTdxcXR5ek1HUk9UZFBRZG5tZ3pwWmVpYXlTWlpjT3dHSlJVLXhsTlhtRUhROWJ0VGhhcmJGRnlJbGtXS1JzQ2JSU29vMXh4dG5Pbk04QnVNNlBuanZGOWlJS0J2TFdIQk5aaWhoUVp0T01XN2RnV3lsQlJKOHBJVUFpNEpLazItTUtQbnVBUjcwdnZJeDZDM3Z1ZEJKS0hzNkxKUWQ3SldsTzNwMkNiTWlkakd3aUo1X3BOcw?oc=5) · Detroit Free Press
- 2025-08-24 [Tim Dyer Named Market President as First State Bank of Michigan Expands into Berrien County Market - moodyonthemarket.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxQS2dHdFhDekowUUxfUFIxdXRpMlFOZzBSVnZsNmVEamMxdVdmaDFMU2ZhS2cxS0p0V2hKZkpiWC16U2doX3NCYWJlTWtaS2hoUGNwZ1VWbkZ6YkxUX1lseEZCTEhJTjFpbjRaZEdPbWtBMk9OWWRUc2dFVU9kaG5BVGlONEVqWURFZkY2UGpLSDhQVS1OTFRUUjYwQVJTTFJRU1c2LTNDVERsaFJuNWc1ZFBkMG5ITnlQbGZzN1lmdW9KRU5XMEwxVDN0d0U?oc=5) · moodyonthemarket.com
- 2025-08-30 [New Grand Traverse State Bank Finalizes Lease, Next Step Toward Opening - The Ticker](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQS21ucVpyd2R1OEYzS2R4YmxLT0lIcFRiamktZk9YazFUNFJ6NjFtSXFaY3FZQ3NrQWFIbVBzY1JZUGJqUm5hTjYzRHB4cGh1QkVIWXJrYWVEUy1yYk9YVmpBc0pyM2Etb01aaGdfdWlXMm9yUVI2dVRLLXktWTIwVFQ2bzFkLTVQNVVZQUlmc0RQZ1NHQURaLVFQSThvNU0xeTJIM2oyUmk4bzQ?oc=5) · The Ticker
- 2025-09-03 [New bank coming to Traverse City - Traverse City Record-Eagle](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPdXBsQWw2MXE2M20wZ1B3b2ZaTXZwQmJxY01Ia2FlMHNfVFJwRWg3NDNMTmVwNVI3YjVxejhmZ2sxMEMxS1M4cEdWbWdnRG1TTFdNbUtKNHNZUHM4WVpqUnF6Qjc3dlhRQ1g0S2doNVZOZzhBY2pUT25YR0l5aVRDc2JkWDZzT214OGdpd0xnVmdQY1JfU0dKcDUxWWhXSmdINXd4ak9rSmpFNUU4THBmWmliSXlvTFN2LTUtTHRqZVJyek0?oc=5) · Traverse City Record-Eagle
- 2025-10-16 [Owosso native launches new community bank in Michigan, aims to open bank in Owosso - The Argus-Press](https://news.google.com/rss/articles/CBMioAFBVV95cUxNeUhmUkFtd2ZmcHBXLWZPa01aRmhyb0pwb0pBTlJXM2M5ckVjc2xTdDJyTFRVUm1OT1VMRlVNTHhBakMySlllTlQyZnprTDhuZi1Jb0lRajFaTE9jV0xrY1FVLVczeDllYUk2eEJPc2NKR0ZlTEN3aWNtMmF2QUtodndKN2h5d21NODNSazdvekJGcUt5UUx1OEVGTk5SX2xp?oc=5) · The Argus-Press

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=12893 (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/29.json (key "12893", 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