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 The Shelby State Bank
The Shelby State Bank
| RSSD ID 961343 | CERTIFICATE 10157 | ABA NUMBER 72411708 |
| 242 N Michigan Ave |
Quarter Ended : |
2025-03-31 |
| Shelby, Michigan, 49455 |
Updated : |
2025-04-16 |
| www.shelbybank.com |
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| Institution Profile |
| Year Opened : |
1910 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
10 |
Number of Employees : |
84 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 354,043 |
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Total Interest Income | 3,715 |
| Total Liabilities | 326,728 |
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Total NonInterest Income | 890 |
| Total Bank Equity Capital | 27,315 |
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Total Interest Expense | 854 |
| Total Deposits | 316,280 |
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Total NonInterest Expense | 2,932 |
| Net Loans & Leases | 202,600 |
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Net Income | 566 |
| Loan Loss Allowance | 2,286 |
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Net Charge Offs | 13 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 35,385 |
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Total loans | 201,952 |
| Total assets for the leverage ratio | 356,785 |
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Loans secured by real estate: | 182,534 |
| Tier 1 Leverage Ratio | 9.28 |
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Commercial and industrial loans | 12,730 |
| Tier 1 Capital Ratio | 13.57 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 14.5 |
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Loans to individuals - Other | 3,932 |
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:· The Shelby State Bank
