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State Savings Bank, Financial Information

About State Savings Bank

 Address:
703 Main Street
Frankfort, MI
Benzie County, Michigan
 Established:
Jan 1901
 Number of domestic offices:
7
Total assets$305M
Net income$2M
Net income, quarterly$1M
Total deposits$256M
Domestic deposits$256M
Equity capital$26M
ROA0.78%
ROAQ, quarterly1.15%
ROA, pretax1.15%
ROAQ, quarterly, pretax1.37%
ROE8.45%
ROEQ, quarterly13.61%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Since 1901, State Savings Bank has been caring for the financial needs of our neighbors in northwestern Michigan. State Savings Bank is an independent, locally owned institution.

Frankfort
703 Main Street
P.O. Box 1169
Frankfort, Michigan 49635
(231) 352-9691

Empire
11470 S. Leelanau Hwy
P.O. Box 476
Empire, Michigan 49630
(231) 326-4003

Mortgage center
527 Main Street
Frankfort, Michigan 49635
(231) 352-5347

Historical Data