Total Assets
$81M
Total balance-sheet footings
FDIC Cert #12893 · Decatur, Michigan · Est. 1870
First State Bank of Michigan - FDIC Bank Health Profile
This profile flags real pressure points from the bank's own quarterly Call Report, read past the headline grade before drawing conclusions.
- $81M
- Total assets
- C
- Health grade · Fair
- -1.48%
- Return on assets
- 18.3%
- Tier 1 capital
Data updated July 2026
The verdict
First State Bank of Michigan earns a PlainBankData health grade of C (56/100), with well-capitalized at 18.30% Tier 1, -1.48% ROA, 120% efficiency ratio.
- #3,898
- largest of 4,313 FDIC banks by assets
- 10th
- percentile by asset size, nationally
- 18.30%
- Tier 1 ratio - above the 10% well-capitalized line
- 1st
- percentile for profitability (ROA), nationally
A weak grade is PlainBankData's own read of the Call Report data, not an official FDIC rating, and it does not change your insurance coverage: every dollar stays protected to $250,000 per depositor, per category.
How First State Bank of Michigan's 56/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
First State Bank of Michigan's composite health score
Tier 1 Capital Ratio (18.30%) 40/40
Return on Assets (ROA) (-1.48%) 0/25
Texas Ratio (5.40%) 16/20
Efficiency Ratio (119.92%) 0/15
56 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$65M
Customer-funded liabilities
Net Loans
$43M
Outstanding loan book
Net Income
$-982K
Bottom-line earnings
Capital adequacy vs federal thresholds
Where First State Bank of Michigan ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. First State Bank of Michigan's score of 56/100 falls in the highlighted band.
First State Bank of Michigan's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). First State Bank of Michigan's $81M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
18.30% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
18.30%
Texas Ratio
5.40%
Equity Capital
$16M
Profitability metrics
Return on Assets (ROA)
1st percentile nationally
-1.48%
Return on Equity (ROE)
-6.33%
Efficiency Ratio
119.92%
What the numbers say about First State Bank of Michigan
First State Bank of Michigan is an FDIC-insured institution (Certificate #12893) headquartered in Decatur, Michigan, established in 1870. It holds $81M in total assets - 3,898th of 4,313 FDIC-insured banks, $65M in customer deposits, and $43M in net loans. Looking at capital strength, Tier 1 stands at 18.30%, over the 10% well-capitalized line regulators set, while the Texas Ratio comes in at 5.40%, comfortably below the 50% caution mark. It earns a PlainBankData health grade of C (56/100), a composite of Tier 1 capital, ROA, the Texas Ratio, and efficiency. All of it traces back to the bank's own quarterly FDIC Call Report filing.
By assets, First State Bank of Michigan ranks 69th of 73 banks based in Michigan -- squarely in the community-bank tier. Size alone doesn't determine a bank's local importance; a bank this size often has deeper, longer-standing relationships with the specific businesses and depositors it serves than a much larger institution would.
Income & expense breakdown
$3M
Interest Income
$120K
Non-Interest Income
$4M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. First State Bank of Michigan reports a Texas Ratio of 5.40% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
5.40% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
What to watch at First State Bank of Michigan
First State Bank of Michigan's grade of C reflects specific pressure points in the FDIC Call Report. The bank reported negative net income of $-982K for the period, a loss that, if sustained, erodes the equity cushion.
Your deposits are still protected. Regardless of grade, FDIC insurance covers every dollar on deposit at First State Bank of Michigan up to $250,000 per depositor, per ownership category. A weak grade signals institutional financial stress for analysts, it is not a prediction of failure, and it does not affect insured-deposit safety.
Top banks in Michigan by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) First State Bank of Michigan (FDIC Cert #12893) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in Michigan
All Michigan banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Northpointe BankGrand Rapids | $7.0B | B | 1.39% |
| First National Bank of AmericaEast Lansing | $6.7B | A | 2.94% |
| Mercantile BankGrand Rapids | $6.2B | A | 1.61% |
| Independent BankGrand Rapids | $5.5B | B | 1.33% |
| ChoiceOne BankSparta | $4.4B | B | 0.79% |
| Macatawa Bank, National AssociationHolland | $3.7B | A | 1.39% |
| Bank of Ann ArborAnn Arbor | $3.3B | A | 1.72% |
| Isabella BankMount Pleasant | $2.2B | B | 1.02% |
Frequently asked questions
What is First State Bank of Michigan's health grade?▼
First State Bank of Michigan receives a health grade of C (56/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank meets regulatory minimums but has some areas of financial weakness to monitor.
How large is First State Bank of Michigan?▼
First State Bank of Michigan holds $81M in total assets and $65M in deposits, ranking 3,898th of 4,313 FDIC-insured banks by asset size. It is headquartered in Decatur, Michigan.
Is my money safe at First State Bank of Michigan?▼
Yes, deposits at First State Bank of Michigan (Certificate #12893) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is First State Bank of Michigan's Tier 1 Capital Ratio?▼
First State Bank of Michigan has a Tier 1 Capital Ratio of 18.30%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for First State Bank of Michigan?▼
First State Bank of Michigan has a Texas Ratio of 5.40%. A ratio below 50% is generally considered healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is First State Bank of Michigan?▼
First State Bank of Michigan has an Efficiency Ratio of 119.92%. Above 60% means a larger share of revenue goes to operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read First State Bank of Michigan's profile as a depositor or analyst.
- First State Bank of Michigan's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare First State Bank of Michigan against other Michigan banks before moving funds. Michigan banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.