# STATE SAVINGS BANK
FRANKFORT, MI · FDIC certificate 8162 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (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 | $431.2M | |
| Deposits | $391.6M | |
| Loans and leases | $326.3M | |
| Total equity | $37.0M | |
| Loans / deposits | 82.63% (p52 of band) | 82.04% |
| Liquid assets / assets | 17.88% (p24 of band) | |
| Uninsured deposits / deposits | 24.94% (p46 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.79% (p10 of band) | 10.81% |
| Unrealized securities loss / equity | -0.32% (p93 of band) | -8.10% |
| AOCI / equity | -0.13% (p64 of band) | |
| ROA (annualized) | 0.35% (p8 of band) | 1.28% |
| Net interest margin | 4.80% (p90 of band) | 3.91% |
| Efficiency ratio | 90.77% (p96 of band) | |
| Noncurrent loans | 0.20% (p34 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p13 of band) | |
| Reserve coverage of noncurrent | 411.66% | |
| Real estate % of loans | 90% | |
| Construction % of loans | 68.86% (p70 of band) | |
| Auto loans | $332,000 (0.10% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 5.4% | |
| Employees | 132 | |

## Flags firing in the latest filing

- **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 | charge-offs p90 |  |
| 2012-06 | 1 |  | charge-offs p90 |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | capital falling |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 1 |  | capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 3 | losing money, expense ratio p90 |  |
| 2015-06 | 3 |  |  |
| 2015-09 | 4 | capital falling |  |
| 2015-12 | 4 |  |  |
| 2016-03 | 4 |  |  |
| 2016-06 | 4 | loans exceed deposits | reserve under noncurrent |
| 2016-09 | 3 |  | loans exceed deposits |
| 2016-12 | 4 | loans exceed deposits |  |
| 2017-03 | 3 |  | loans exceed deposits |
| 2017-06 | 5 | loans exceed deposits, reserve under noncurrent |  |
| 2017-09 | 3 |  | losing money, loans exceed deposits |
| 2017-12 | 3 | loans exceed deposits, liquid assets <10% | capital falling, reserve under noncurrent |
| 2018-03 | 4 | losing money, reserve under noncurrent | liquid assets <10% |
| 2018-06 | 4 | capital falling | loans exceed deposits |
| 2018-09 | 4 |  |  |
| 2018-12 | 2 |  | losing money, capital falling |
| 2019-03 | 3 | losing money |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 2 | capital falling | reserve under noncurrent, losing money |
| 2020-03 | 3 | losing money |  |
| 2020-06 | 1 |  | expense ratio p90, losing money |
| 2020-09 | 2 | expense ratio p90 |  |
| 2020-12 | 1 |  | expense ratio p90 |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 1 | expense ratio p90 |  |
| 2022-06 | 2 | capital falling |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 1 |  | capital falling |
| 2023-03 | 4 | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving | expense ratio p90 |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 2 |  | charge-offs p90, assets shrinking |
| 2024-03 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 2 | capital falling, expense ratio p90 |  |
| 2025-03 | 1 |  | capital falling |
| 2025-06 | 1 |  |  |
| 2025-09 | 2 | capital falling |  |
| 2025-12 | 1 |  | capital falling |
| 2026-03 | 1 |  |  |
| 2026-06 | 1 |  |  |

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

- 2026-08-03 [State Savings Bank celebrates 130th anniversary - Benzie County Record Patriot](https://news.google.com/rss/articles/CBMipgFBVV95cUxOVEZSNG50aTZUWGZ5TEtha2lZalZYOWZhR2xZWWlyQTVVWFdCeTd5c0RIZTNReGVqcE1UZ3hpa096MXlHYXV0b1FZM3JVZ25HZDg3M2JjZWplSUc3UTdITjFtYVdjQkNxNG9mckl3QkJxejhIZVRrTmxCWGUwU3BINE9CTWlMZGUwbVJ6d29ERmt6TjFxWmVjOGVpZUEtdVhPRFdfZTlR?oc=5) · Benzie County Record Patriot
- 2025-10-22 [THROWBACK: This mining town needed a bank - Midland Daily News](https://news.google.com/rss/articles/CBMigwFBVV95cUxObndwRE1ja2dIRDZJX2x5TDY2aUZ2Y2tJTGhwd0xNYW5kSFV0MlRFNUVtbVAyelBCYVMxUF9ZM2tUdHRiaHVHM1hkaFFyNy1zcXF0Ri01aFFHMzd3dTRpc195OXBHOFBON29ub3VkYkl6NGdrak9qeXNPQlFEWndhQnFFbw?oc=5) · Midland Daily News
- 2025-09-22 [Suspect identified in Beulah $12K bank fraud case - 9and10News.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxNMUlJOFhsY24td2RFOXN2b3FPRE9KRU5GelZRaEhLdzc0TDEwbEZDenMzeTNKb25WQkRTcnNVOEhtWTQ4UTNaTDc0Zk5keTc5SVUzZEUtWm9kY0tVdjd0Q2k5aXBTX1JZR0pKXzdjZ2ViWUV4bG1LMGQ1MzR3cjlBZTN0N2Zua2llV0JjZkU4X2FFR3RBaHpITWdtdGpKNDFlNlVrcQ?oc=5) · 9and10News.com
- 2025-09-22 [MSP identifies suspect in $12,000 bank fraud case using fake military ID in Traverse City - WPBN](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNTkNNcDA0bUZLVVR2ZW0zUExhenNGRmZidU5ZeVhSUEZ1ZGxmUTR1NWswSHd0RjhQcnM0Z0JHbDRTR0pTeG5jd3cwQV85S0ZhUlBrMkVnNERPZTBSR0l5eHU5OUFmaWJQckoyOTVXZmhmcXo1UU9ib1dIZjlfNXJUUUQ2NXhsYzBydTJUVWV1NkMwNVVGQlR0dThuTnlDOThmY0FqeWVjVG56RDB4R2J4MHU2dHUwdEp3?oc=5) · WPBN
- 2025-06-11 [State Savings Bank announces Eric Oas as president and CEO - Pioneer Tribune](https://news.google.com/rss/articles/CBMioAFBVV95cUxQM2lUZGRmLUVOWTZjNGRFcDIzeEd4M2w2QXZJa3hyNV9EZGo3Slp3Zkx3MEp6ZFV0c05jZWpLTV9VNlBFM3FJaV9wNnR2eWpkdHZkVlYzSk9Ma3dMb3M1Z1J6VkZKZE5kc0l4UHNDWHdpQkFJR3dXZGd4MVlYTEFMb2hFdHJuWkxNRzBFMU9sWXZvSnFTXzU3VFhkSFUzM1pX?oc=5) · Pioneer Tribune
- 2024-08-27 [Growth prompts State Savings Bank to add another Gaylord branch - Petoskey News-Review](https://news.google.com/rss/articles/CBMiywFBVV95cUxNQjM1UVlFeVU3QzZnb0tiZVNOSWlyajdBM1ZZMEVxSjJLUldySm9JN1lUc2tVOHRienZScmFsakJDeDFxTDJNc1pxVXhLR2VGeUVMcnBKRVZ5cVp6c1U1b3dSZ3BOaUxRU1ZWRWc0Rm5yVHFfbld3SUh3Q0tuU0hySzhhX0RIU1ZYNlRvY1hIOHpPVXBzcDZCclJJU0JnU3ppTUtPZ1o4c0hqbzZaMXo3d0N6Q0R1NHYxZnUzRWZkMnpocWdWS19JVm12VQ?oc=5) · Petoskey News-Review
- 2021-12-07 [State Savings Bank welcomes new mortgage lender - Big Rapids Daily News](https://news.google.com/rss/articles/CBMiYEFVX3lxTE9XUlNfWTMtYW0yUFFZbDhRTVJKX3BkaC11ZndjX2kyWU9IYnMyVlpOZFltUzM2TXJlWjc4Nk83bGZ5YUhqU0tJQTR4UGVlMGNpQlljM0ZMVnh4VVRHdTE5OA?oc=5) · Big Rapids Daily News
- 2019-04-03 [MC History Spotlight: State Savings Bank of Scottville. - MasonCountyPress.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxPWWNJc0pwR2lRUWNYVEt4WGtpenY0cjB4NW1mVlVIRmFmYlg3TlBrbk9CZHBWeU1NUUJielpYTmtpa0NNdlBpd0xBbmN6NWVHVG0wLXpCOGFCSGRUSTZsbzk2c1diVlNFN1VURWNGYnc2aE5IRlNUR1VLUGNMemVKemxKbHN5VDJnOGlQSGVxYTh3b0wtZmVpamozNXdsY0E?oc=5) · MasonCountyPress.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8162 (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/34.json (key "8162", 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