SSBBank, Financial Information

AboutSSBBank

 Address:
122 West Main Street
Stockbridge,MI
Ingham County,Michigan
 Established:
Apr 1908
 Number of domestic offices:
3
Total assets$63M
Net income$-1M
Net income,quarterly$0M
Total deposits$56M
Domestic deposits$56M
Equity capital$5M
ROA-1.19%
ROAQ,quarterly-2.27%
ROA,pretax-2.27%
ROAQ,quarterly,pretax-2.27%
ROE-14.64%
ROEQ,quarterly-28.12%
UpdatedApr 11, 2013

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.

The bank was organized in 1908 to save the Stockbridge community from financial chaos. In 1907, the Commercial Bank of Geo. P. Glazier & Gay (a bank in which the Michigan state treasurer had an interest) had been closed. The community was without a bank and the people had had their confidence shaken in banking. The show of confidence and trust that the organizers of the new Stockbridge State Bank had shown to the community, and in each other, quieted the fears of those who had been hurt in the Commercial Bank closing. Shortly, a feeling of confidence replaced the gloom of the banking disaster and Stockbridge began to prosper.

Stockbridge State Bank opened for business in the former offices of the Commercial Bank located in the 100 block of West Main Street, Stockbridge in the far southeastern corner of Ingham County and is the second oldest bank still operating in Ingham County. In 1942 W.J. Dancer’s son Paul C. Dancer became the second President/Chairman of the Bank. The Stockbridge office serves customers in Ingham, Jackson, Livingston, and Washtenaw Counties. In 1966, the Stockbridge office moved to a larger, newly built facility, designed and constructed by John T. Dancer, located just across the street from the original bank.

The bank opened its second office in Gregory on the western edge of Livingston County in 1964. It was in 1985 that John T. Dancer; W.J. Dancer’s grandson became the third President/Chairman. In 1991, a third office was opened in Eaton Rapids on the eastern side of Eaton County. In 2000, J. Benjamin Dancer became the fourth Chairman of the bank. In preparation for even more branches in the future, the bank decided in 2002 to officially change its name from Stockbridge State Bank to SSBBank.

SSBBank
P.O. Box 427
Stockbridge, MI 49285
(517) 851-7733
(517) 851-8719 Fax