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 First State Bank of Michigan
First State Bank of Michigan
| RSSD ID 654047 | CERTIFICATE 12893 | ABA NUMBER 72404197 |
| 124 S Phelps St |
Quarter Ended : |
2025-12-31 |
| Decatur, Michigan, 49045 |
Updated : |
2026-01-16 |
| www.fsbdecatur.com |
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| Institution Profile |
| Year Opened : |
1870 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
All Other Under 1 Billion |
| Number of Offices : |
1 |
Number of Employees : |
20 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 80,549 |
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Total Interest Income | 3,483 |
| Total Liabilities | 65,049 |
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Total NonInterest Income | 120 |
| Total Bank Equity Capital | 15,500 |
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Total Interest Expense | 706 |
| Total Deposits | 64,805 |
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Total NonInterest Expense | 3,619 |
| Net Loans & Leases | 43,396 |
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Net Income | (982) |
| Loan Loss Allowance | 542 |
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Net Charge Offs | 15 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 41,775 |
| Total assets for the leverage ratio | 64,487 |
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Loans secured by real estate: | 23,934 |
| Tier 1 Leverage Ratio | 18.3 |
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Commercial and industrial loans | 14,912 |
| Off Balance Sheet Exposures (%) | 8.93 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 2,222 |
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:· First State Bank of Michigan
