# ANN ARBOR STATE BANK
ANN ARBOR, MI · FDIC certificate 58889 · asset band $300M-1B · latest filing 2019-12 · stopped filing (departed)

**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 | $319.4M | |
| Deposits | $267.7M | |
| Loans and leases | $223.8M | |
| Total equity | $36.5M | |
| Loans / deposits | 82.96% (p45 of band) | 85.34% |
| Liquid assets / assets | 26.88% (p61 of band) | |
| Uninsured deposits / deposits | 40.05% (p89 of band) | 22.41% |
| Brokered deposits | 2.44% | |
| Wholesale funding | 7.14% (p65 of band) | |
| FHLB advances / assets | 4.70% | |
| Tier 1 leverage | 11.15% (p60 of band) | 10.60% |
| Unrealized securities loss / equity | 1.48% (p67 of band) | 0.73% |
| AOCI / equity | 2.71% (p60 of band) | |
| ROA (annualized) | 1.03% (p42 of band) | 1.13% |
| Net interest margin | 3.63% (p43 of band) | 3.74% |
| Efficiency ratio | 67.89% (p56 of band) | |
| Noncurrent loans | 0.14% (p21 of band) | 0.54% |
| Net charge-offs (annualized) | 0.16% (p84 of band) | |
| Reserve coverage of noncurrent | 525.32% | |
| Real estate % of loans | 71% | |
| Construction % of loans | 20.01% (p28 of band) | |
| Auto loans | $935,000 (0.42% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 6.0% | |
| Employees | 51 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | capital falling |  |
| 2012-06 | 0 |  | capital falling |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 1 | capital falling |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 1 | capital falling |  |
| 2015-03 | 0 |  | capital falling |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | capital falling |  |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | capital falling |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |

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

- 2021-12-20 [The Bank that Grew - Ann Arbor Observer](https://news.google.com/rss/articles/CBMiXEFVX3lxTE9VVGZ6ajZxcGJBMzZVVTdYOXNtOHRhSVBQM1lXZnBEOV8xcktwSjVNOVVkamtibXI4RkhZalE4enYwREEwMEhaRHRNN0dTcFExMWh0TDMycFowaDhB?oc=5) · Ann Arbor Observer
- 2022-03-16 [Lake Michigan Credit Union hires Jason Robinson as Mortgage Loan Originator for Ann Arbor, MI office - CUInsight](https://news.google.com/rss/articles/CBMi1wFBVV95cUxNUVk3RlA1MzdJZWswWUF1UVFGS2NPcFVrTE9hZHNVZmhIbUlFaDhZV2VuQjc1UnBFT0s1cTBqX0UxVWUtWHY1cHNDU0ZfTS1SVjRHWmhSaVhaeUFtUDlGN3ZsSWVkbE12Z3VxOXhDRHd2RkNOTC1GRWRoN3R0aGtGRU5QRHpSZ3NfVGYzQXBlWUNoWDlFbEZLMDRaSVF4Z25VVVVfeTVVLThOM3BOWDlPaG5RRVVSU1hwaXJFMzJSOWRYY0RUQzlHYnFUUHIyOTQ3TjUwUzRPSQ?oc=5) · CUInsight
- 2019-08-13 [Level One to merge with Ann Arbor Bancorp in $67.8 million deal - Detroit Free Press](https://news.google.com/rss/articles/CBMixAFBVV95cUxPdHhtMnRlaVUyY1dMcnZWby1WZ0RhcUkwVW84TjZ2LXpTcHdkQzkzRUN6SVJOa1BhNjhsNnkwWWVFYmg1NUhjY1lHSjdlNk43aEtMME55WVE4VEUwOW1YRDJQNG5aWkVPZHRjYkEwQnNFZXl5VEJiWTFYcXBON3FOQk5ZQjgtMGZtRXFHc3JRQ1BadHNTSXh3czQxVEN4Z0RHOS1yTzltT1VXZnl5T21FaEFkZjBCRkk2RGF3QTZiRkM5R3dp?oc=5) · Detroit Free Press
- 2023-10-18 [William M. Broucek Obituary - mitchellfuneral.com](https://news.google.com/rss/articles/CBMiakFVX3lxTE5uc1JLQ0pyOGVNeVFERm9kVXFHU2wzQk92MWtfS2ZYUGo2bEJEdWRXZ0tVcG9zRzFYMVMxQTlWS2NSWG5fVllqbmJOQjdaejhPVWpDU1dsMHVYdktjTGRLX0hZOFRTYWZRX0E?oc=5) · mitchellfuneral.com
- 2025-02-11 [F&M Bank Appoints Peter Schork as Regional President for Toledo and Southeastern Michigan - Quiver Quantitative](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQTEwxVFpIdEZmVmlaM2ZJQkRPQnUwUm5jNlpwS2FKQklNamk0bkVBTWJkbHAyV0RuTHV4LWc5WGNQNkVIT1ZZME1BWGdrMnoxWTIwZng5NmNZdzA2MXBiZlJkLXNpbm5Qdl9GbWJBMkpjTWZ1N0RwR09KZ0J4RXY4VnZSR2YwdWxjM3NKOVc3Vl8ybHNReUVIMnJBNy1DU2s2RWxJZ2VCZXZROF8wZFFUVTJHVWp0NnpSWER1OXNkU3pXQQ?oc=5) · Quiver Quantitative
- 2021-11-04 [Farmington Hills-based Level One Bank to be acquired, become First Merchants - Detroit Free Press](https://news.google.com/rss/articles/CBMinAFBVV95cUxNTjgzQnI3djR5YnprNG81TXB4TUx3U1lnb3VDbVEzU01sLU5PNG83OUNQQ3ZPQXluWXY4WDBKa2Fkd09QbzdUZE9TUU1HYWswdlQ5cnZhcERvSG1IWjRZLVhRNndKU0hOSzVQaDhPMnZTR0dkT01yaTFnMTNDQXZxMHJQTC1qMVc3czNkU1N6a2lUY1hZMF9uSGhCTjE?oc=5) · Detroit Free Press
- 2025-11-24 [Clifford George Sheldon - Ann Arbor Observer](https://news.google.com/rss/articles/CBMiY0FVX3lxTE92ZU9BZnFaem02MUpfZ0hHMnlFcGNvOXJNT2ZZZHgxcDBnMVg5WUNWQk1iTXp5WHRBS3dOeVF2VnJwWGZjTTFxLUJ6Q3R5ZXIyWXBzVEpjbEVISlZTSVBVMVlnaw?oc=5) · Ann Arbor Observer
- 2012-01-26 [Nicholas Belanger Obituary (2012) - Ann Arbor, MI - Ann Arbor News - MLive.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxQWmVnYUU0eW9jZkJUZXlPZm5IcGpfSE9NRkwwdU4xeTVMbmFKQnRtZk5aU1J4UDNIcV9Bc0RCM0g3eDZKTGhsZmZFWUdvd19UZEF2Q1YxczV4MUQ3WE1Pb0dvN2hSWndGVWpiRXJtZmppaEpMYk1ZdTZCcWN5c2pfV3kyR2lrZ1NyQWg0eXQ4VS01TVVF?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58889 (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/9.json (key "58889", 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