# TRAVERSE CITY STATE BANK
TRAVERSE CITY, MI · FDIC certificate 35350 · asset band $300M-1B · latest filing 2018-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (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 | $341.8M | |
| Deposits | $289.0M | |
| Loans and leases | $301.8M | |
| Total equity | $37.5M | |
| Loans / deposits | 103.49% (p89 of band) | 84.92% |
| Liquid assets / assets | 9.41% (p6 of band) | |
| Uninsured deposits / deposits | 25.18% (p63 of band) | 21.35% |
| Brokered deposits | 10.84% | |
| Wholesale funding | 15.08% (p81 of band) | |
| FHLB advances / assets | 4.24% | |
| Tier 1 leverage | 10.49% (p53 of band) | 10.35% |
| Unrealized securities loss / equity | -0.06% (p88 of band) | -2.32% |
| AOCI / equity | -0.06% (p89 of band) | |
| ROA (annualized) | 1.09% (p53 of band) | 1.05% |
| Net interest margin | 4.27% (p85 of band) | 3.67% |
| Efficiency ratio | 72.88% (p69 of band) | |
| Noncurrent loans | 0.19% (p24 of band) | 0.55% |
| Net charge-offs (annualized) | -0.02% (p16 of band) | |
| Reserve coverage of noncurrent | 463.10% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 44.48% (p54 of band) | |
| Auto loans | $389,000 (0.13% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 6.8% | |
| Employees | 82 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 2 | uninsured deposits leaving | charge-offs p90 |
| 2012-06 | 1 |  | uninsured deposits leaving |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 2 | charge-offs p90 |  |
| 2013-09 | 3 | capital falling |  |
| 2013-12 | 1 |  | charge-offs p90, capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 2 | capital falling |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 | wholesale funding >15% | capital falling |
| 2015-03 | 1 |  | wholesale funding >15% |
| 2015-06 | 1 |  |  |
| 2015-09 | 2 | capital falling |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 1 |  | capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 | capital falling | reserve under noncurrent |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | charge-offs p90 |  |
| 2017-12 | 2 | loans exceed deposits |  |
| 2018-03 | 4 | brokered >10%, wholesale funding >15%, liquid assets <10% | charge-offs p90 |

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

- 2026-07-30 [What’s Next For Fifth Third Bank, Iconic Downtown Clocktower Building? - The Ticker](https://news.google.com/rss/articles/CBMipwFBVV95cUxPZVNLeTdUQU9FVFBzVmRMXzRhZUF2MFM5UFB6OWQyZm82VlBBVkhuSmhPMjFjbHdFdWo0cWNfVTZFbnBtZUI1dTRBQXJ1dU9lazBiSldSb0xzYUc2cFNBemtkRm1yQ09Yd2FHdUtZZ3JJQUpVczBjR1BzNW1OUVJOdDN0dElOR2Zua2M5UTcwZDJ5ZkR1UWVEWHJLWTVEVS1rN294cEFxNA?oc=5) · The Ticker
- 2026-03-20 [Michigan banks Independent, Highpoint to combine in $70.2M deal - Banking Dive](https://news.google.com/rss/articles/CBMitgFBVV95cUxNdmxhZXlKX3o2ZkZ1S241STNBRWxfZkd4S0EwanVzRFZfeURQd1FrdmsyN0FJYkQ4LWtIVFFxS3VOVDhRblpyWngxUFk4aHNURDhUS01URHlidk1FendoRTA1UUdHSXRJRFlQS29hUVVYQ21xSFF1a25scVYwOXA1RFl4SmpDTHVYNlFlNEVuNV9KTGxDNlY1UEtFUDVSd1ZoLUV4VE96UEYzNnQwNWZxQ2V2cjJidw?oc=5) · Banking Dive
- 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
- 2017-12-05 [Traverse City State Bank to merge with Independent Bank - WPBN](https://news.google.com/rss/articles/CBMilAFBVV95cUxPMlY0b3JYTThibnRySmJ0Zk5lRnR5S2J4XzJvNjBjRENSZTBReTBQRnZGWUpHeXp1MkpxWExxMTlObmhrTXNPNUl0V1VkclZsUU9HUlpXcFNtZ3NXM1BIeENrSGU4d09kcFJzZElXNnhhQXJkcS1UZXFFSEtNb1FURU54Mm9JTmFCUWxOSlhrZzh6X1Jp?oc=5) · WPBN
- 2017-12-05 [Independent Bank To Acquire Traverse City State Bank - The Ticker](https://news.google.com/rss/articles/CBMikwFBVV95cUxQbTZRRnZENzBqNDNaejRmR2x5Qy1iOURyb2JSdVEwMmVvNjB1bXRyNWVUbHluOG9oa091LXFmcUFUX3NHMzJoaGNTakpKUzFtUXBXU1VzQWtuaDVSYWtqTHFxRmFZVkFrUXFhQjZXZG5OVWozZ0dBZURTelFXa2RNQ2FiMG1MTFFNSUtmY0lLSXd4Sms?oc=5) · The Ticker
- 2016-09-04 [Peter A. Correia Obituary Sep 4, 2016 - Reynolds Jonkhoff Funeral Home & Cremation Services](https://news.google.com/rss/articles/CBMiakFVX3lxTE12SGZhank3VHMxYlJmd3FzQl9iOGR5aGFBQzhlV2FydXFoYk5UWDdZaU9BUXBjZ2plRWFScmFJd1lzOGUyX2l3UF9Gc2VIY2RzWHVkTXl6bm1rTUQ0NFF3bHJBZFVtUTVPQ1E?oc=5) · Reynolds Jonkhoff Funeral Home &amp; Cremation Services
- 2016-10-18 [Stuart Merillat Obituary - Elk Rapids, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxOWVRQbVpQSGxRY3pmekYwZkZ2WllITks2aEhGUFhiVWlmMEd4bmNtLWlBbFFzQmhCemRDd1F3ZUJGTDc1UHEzbVlWb1pMZzNrc2dDUGlfZ3pWQ0QwdUFweGtqRFd1eThvcUc1Y2NVYW1VSlJfdUlHZk9nbkxLX0ZIMWMxd1RnSWc?oc=5) · Dignity Memorial
- 2003-01-28 [David Swanson Obituary (2003) - Grand Rapids, MI - MLive.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPdDJ6OGxINmMwekIwMDBoVHpHLVF6a0swU1NUNDVDcDQtSG53Q09TaE1qT0RqLVN4bDZHM3ZfYXA0MHpSMGFmbUVsX1ZSOE5SUnVSQVdodC1DVXgxS1ZoV3VnaEJ0MnBkVlVxVFlmUWFIeWtCanlLeE9iQkZiM0Qwd0VCZktSY3d0XzMtVFdVcmJzMVk?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35350 (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/22.json (key "35350", 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