# 1ST STATE BANK
SAGINAW, MI · FDIC certificate 57626 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. 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 | $490.1M | |
| Deposits | $428.8M | |
| Loans and leases | $323.4M | |
| Total equity | $58.7M | |
| Loans / deposits | 74.23% (p33 of band) | 82.04% |
| Liquid assets / assets | 28.96% (p61 of band) | |
| Uninsured deposits / deposits | 43.37% (p91 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.27% (p71 of band) | 10.81% |
| Unrealized securities loss / equity | -2.41% (p76 of band) | -8.10% |
| AOCI / equity | -0.38% (p47 of band) | |
| ROA (annualized) | 1.35% (p54 of band) | 1.28% |
| Net interest margin | 4.32% (p74 of band) | 3.91% |
| Efficiency ratio | 60.93% (p48 of band) | |
| Noncurrent loans | 0.35% (p45 of band) | 0.43% |
| Net charge-offs (annualized) | 0.15% (p88 of band) | |
| Reserve coverage of noncurrent | 463.35% | |
| Real estate % of loans | 67% | |
| Construction % of loans | 30.34% (p37 of band) | |
| Auto loans | $9,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 9.6% | |
| Employees | 75 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | wholesale funding >15% |  |
| 2011-06 | 2 | loans exceed deposits |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 | brokered >10% | loans exceed deposits |
| 2012-03 | 2 |  |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | brokered >10% |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 3 | capital falling, reserve under noncurrent |  |
| 2013-12 | 2 |  | reserve under noncurrent |
| 2014-03 | 2 | reserve under noncurrent | capital falling |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 | capital falling | wholesale funding >15% |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 1 |  | capital falling |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 | capital falling | reserve under noncurrent |
| 2016-03 | 2 | reserve under noncurrent |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | capital falling |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 1 |  | capital falling |
| 2018-06 | 2 | charge-offs p90 |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 0 |  | reserve under noncurrent, charge-offs p90 |
| 2019-03 | 0 |  |  |
| 2019-06 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2019-09 | 1 |  | charge-offs p90 |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | capital falling |  |
| 2020-06 | 2 | uninsured deposits >50% | reserve under noncurrent |
| 2020-09 | 3 | reserve under noncurrent |  |
| 2020-12 | 2 |  | capital falling |
| 2021-03 | 2 | charge-offs p90 | reserve under noncurrent |
| 2021-06 | 2 | capital falling | charge-offs p90 |
| 2021-09 | 2 | noncurrent p90 | capital falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 1 |  | noncurrent p90 |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 0 |  | uninsured deposits >50% |
| 2024-09 | 0 |  |  |
| 2024-12 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 1 |  | assets shrinking, uninsured deposits leaving |
| 2025-09 | 0 |  | deposits shrinking |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

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

- 2026-02-10 [Lauderbach joins 1st State Bank Board of Directors - Midland Daily News](https://news.google.com/rss/articles/CBMiogFBVV95cUxNdnJ2ZEFpaFdKT1pUM3JxNWxaTDVGOGlfalA1UGJhbVJUYkhTVGhMZUFwZElCaHE3YS1qOEVWeFo2VXhUQ3ZlcG12NThmVzNGWUpSeXVqTFQ4Rzl1TEtxQjh1UF81R1hHQ1NJTGFocE14ZHEtQkZKYzZlSmpDVzhDT0I3d1NpcnhveWNPekhuVzJhSEcxSmV0ZVVKblh5b3AxSVE?oc=5) · Midland Daily News
- 2014-10-14 [Ed Keating joins 1st State Bank as senior vice president of business lending - MLive.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxQb2hwNkhxX2Y4WU9TQWNPNUNQVjBfUmxyWEVVbUtwMXlwRUZJandHTXlxd0RBV3JmLWFwN0ZWbEVHR0JmVHZLY3B5ZUdtM2FFZjVQZThsUFdxMld5MkxheHRJTlBTNElyNW5jd0RDTGZGM1BMM29NZFNqbmFwOTY3Zzg2TFdrRjEzVFVncUxjaF8?oc=5) · MLive.com
- 2024-02-22 [Ruby Award Celebration to be held Feb. 27 - Huron Daily Tribune](https://news.google.com/rss/articles/CBMilgFBVV95cUxNaDg2R2lVd2ZwbEtjTjhmTG50Tjd0RHlDcjVFaGFmSW9iRDhBTUplaWtJYUxzaFlJQjNVUHhaelhremt6T19HR3Iyb0ZDQjhLRXNFaV85VGxkdDdRVkYzVEx4bkgzb3BZQzB0dldNdVY0UzZkV095X2ZYU2EzRFRYSl9WQXZJRkRJYkZhQ0RUQjJMb3IwNXc?oc=5) · Huron Daily Tribune
- 2021-04-14 [1st State Bank announces promotions - Midland Daily News](https://news.google.com/rss/articles/CBMilwFBVV95cUxQQnRvZ2EzcHV1eUkxSWZLMm1laGVFVmFMalFpMGRNXzFIOEMtVWNIN0dDTDU5eDJnNm40eXQ0bVVPZ1RUeXU1ME9KMUI2LUE2aTN2TE93RUNQQ0t2LTh3eFRJNlRCU25qMWpOUTVRLVphZXZEcVlDYXlrc0lnNjFPSEg0c041czlzZTJLR3RaMTBrTjQ3TUxn?oc=5) · Midland Daily News
- 2019-01-10 [1st State Bank names Milroy new president, CEO - Midland Daily News](https://news.google.com/rss/articles/CBMipgFBVV95cUxPdFZrd291bFBoVWxxdXhZS1pkenNtMGliQXR4SGFPZGZqZzZ0RGQ1ZTRoMXZCcnBKRDczdDROWm5fV09pdVBLVll5ZDVFYTVkQjZQTTJZMEpVZTNaNTNvWGJmaWVIWU9kLWp4ZlptejNSX1dOVnduOFdRYldHUEdXaUIzQnA0OFdCcmowS3ItY0l0WUVxc2FQMm9lbWMyUC1IWXp1Nk9R?oc=5) · Midland Daily News
- 2021-06-09 [Tim Hausbeck joins 1st State Bank’s board of directors - Midland Daily News](https://news.google.com/rss/articles/CBMingFBVV95cUxQVTVpMkc5ZFFtRXh1ZFV6aHNuSlQwZjV2QXFYVHJ4dHBUVHNrTTlCRnNYS3RiRk8wVktYN2tzb0lDS2tUMzBfQTJYRDU5V1BNX0gzNXplSzFONEh2VUpzYl9USEdDZmRrSTNDeDlnUUFqNUdPYUxuZW43eVNsbWhDN19kX1FSNWpVOWFsSzVuNDhlakRqQXVlNHg2UVZvdw?oc=5) · Midland Daily News
- 2019-07-18 [Holman, Barbeau join 1st State's Board - Midland Daily News](https://news.google.com/rss/articles/CBMimwFBVV95cUxNNlpnMmVISzdPdFR3ZXA0V1haaGc2eWFTT0N4TzEtRmlHT3UtczJSSzREX2ZQSEs3VjFNMFQzS2x3aVJfbWpDd283WXd2RjctOUtzeXphQVRNc0JhMFd4N1VBS0pJMTRma2JwSGpTRGdmRXZ1d3BES1p1dTU2eDJpempRd3JDSmQzTVVMdW5RZDdaRElzM21mYVhRNA?oc=5) · Midland Daily News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57626 (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/26.json (key "57626", 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