Total Assets
$413M
Total balance-sheet footings
FDIC Cert #8162 · Frankfort, Michigan · Est. 1901
State Savings Bank - 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.
- $413M
- Total assets
- D
- Health grade · Weak
- 0.38%
- Return on assets
- 8.6%
- Tier 1 capital
Data updated July 2026
The verdict
State Savings Bank earns a PlainBankData health grade of D (45/100), with 8.64% Tier 1 capital, 0.38% ROA, 89% efficiency ratio.
- #2,041
- largest of 4,313 FDIC banks by assets
- 53rd
- percentile by asset size, nationally
- 8.64%
- Tier 1 ratio - below the 10% well-capitalized line
- 12th
- 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 State Savings Bank's 45/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
State Savings Bank's composite health score
Tier 1 Capital Ratio (8.64%) 18/40
Return on Assets (ROA) (0.38%) 7/25
Texas Ratio (4.90%) 20/20
Efficiency Ratio (88.72%) 0/15
45 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$374M
Customer-funded liabilities
Net Loans
$308M
Outstanding loan book
Net Income
$2M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where State Savings Bank ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. State Savings Bank's score of 45/100 falls in the highlighted band.
State Savings Bank'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). State Savings Bank's $413M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
8.64% of risk-weighted assets - below the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
8.64%
Texas Ratio
4.90%
Equity Capital
$37M
Profitability metrics
Return on Assets (ROA)
12th percentile nationally
0.38%
Return on Equity (ROE)
4.35%
Efficiency Ratio
88.72%
What the numbers say about State Savings Bank
State Savings Bank is an FDIC-insured institution (Certificate #8162) headquartered in Frankfort, Michigan, established in 1901. It holds $413M in total assets - 2,041st of 4,313 FDIC-insured banks, $374M in customer deposits, and $308M in net loans. Looking at capital strength, Tier 1 stands at 8.64%, under the 10% well-capitalized line regulators set, while the Texas Ratio comes in at 4.90%, comfortably below the 50% caution mark. It earns a PlainBankData health grade of D (45/100), 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.
Within Michigan, State Savings Bank ranks 40th of 73 FDIC-insured banks by asset size -- a mid-sized institution, neither among the state's largest nor its smallest.
Income & expense breakdown
$23M
Interest Income
$2M
Non-Interest Income
$17M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. State Savings Bank reports a Texas Ratio of 4.90% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
4.90% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
What to watch at State Savings Bank
State Savings Bank's grade of D reflects specific pressure points in the FDIC Call Report. Its Tier 1 capital ratio of 8.64% is below the 10% "well-capitalized" benchmark.
Your deposits are still protected. Regardless of grade, FDIC insurance covers every dollar on deposit at State Savings Bank 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) State Savings Bank (FDIC Cert #8162) - 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 State Savings Bank's health grade?▼
State Savings Bank receives a health grade of D (45/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank shows notable financial weaknesses. Your deposits remain FDIC-insured up to $250,000.
How large is State Savings Bank?▼
State Savings Bank holds $413M in total assets and $374M in deposits, ranking 2,041st of 4,313 FDIC-insured banks by asset size. It is headquartered in Frankfort, Michigan.
Is my money safe at State Savings Bank?▼
Yes, deposits at State Savings Bank (Certificate #8162) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is State Savings Bank's Tier 1 Capital Ratio?▼
State Savings Bank has a Tier 1 Capital Ratio of 8.64%. The federal "well-capitalized" threshold is 10%. This bank meets the minimum 6% "adequately capitalized" standard.
What is the Texas Ratio for State Savings Bank?▼
State Savings Bank has a Texas Ratio of 4.90%. 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 State Savings Bank?▼
State Savings Bank has an Efficiency Ratio of 88.72%. 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 State Savings Bank's profile as a depositor or analyst.
- State Savings Bank's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare State Savings Bank 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.