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1st State Bank

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Saginaw, MI $100M to $1B in assets Est. April 12, 2004 FDIC #57626 RSSD #3223305 Routing #072414158 FDIC

Data as of · sourced from FFIEC call reports. How we update

1st State Bank is an FDIC-insured commercial bank headquartered in Saginaw, MI, established in 2004 (FDIC certificate 57626), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $490.1M, up 4.7% from Q2 2025, the 35th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 14.97% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.

Charter
Commercial bank
Regulator
FDIC
Deposit insurance
FDIC
FDIC certificate
57626
Headquarters
Saginaw, MI
Established
2004
Total assets, Q2 2026
$490.1M
Assets vs Q2 2025
+4.7%
CET1 ratio, Q2 2026
14.97%
Domestic offices
5 FDIC institution directory, current count
Routing number
072414158
Latest call report
Q2 2026, FFIEC 051 · 1st State Bank call report
Holding company
1ST STATE FINANCIAL, LTD.
Asset rank in state
35th of 72 in Michigan
Assets
$490.1M
Deposits
$428.8M
Loans
$323.4M
Equity
$58.7M

Little in 1st State Bank's latest call report stands out. Its balance sheet stood at $490 million at June 30, 2026, up 4.7% from a year earlier; it is based in Saginaw, Michigan. On most measures it sits near the middle of the 2,660 banks with $100 million to $1 billion in assets.

Deposits are coming in faster than loans: over the year loans rose 1.2% and deposits rose 9.6%. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.29% of loans, down from 0.40% a year earlier.

As of June 30, 2026, 1st State Bank reported a CET1 capital ratio of 14.97%, a return on assets of 1.33%, a nonperforming-loan ratio of 0.35% and a Texas ratio of 2.09%. The figures come from its call report filed with the FFIEC.

By total assets at Q2 2026, 1st State Bank is the 35th largest of the 72 banks headquartered in Michigan. Between Q1 2026 and Q2 2026, its total assets rose 1.2% to $490.1M, loans rose 2.1% and deposits rose 0.9%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 33.2% of total loans, followed by owner-occupied commercial real estate loans at 29.6%. Its 5 offices in the FDIC Summary of Deposits are in Saginaw, MI, Bay City, MI and Midland, MI; its Saginaw 2 offices book 73% of its branch deposits. By the capital ratios in its Q2 2026 call report, 1st State Bank meets every capital ratio test for well capitalized.

Headquarters Profile

Address
4800 Fashion Square Blvd, Saginaw, MI 48604
County
Saginaw
Metro Area
Saginaw, MI
Charter
Commercial bank, state charter, Fed non-member, FDIC-supervised
Primary Regulator
FDIC
FDIC Region
Chicago (Region 9)
Federal Reserve member
No
Federal Reserve district
District 7, Chicago
Fiduciary (trust) powers
—
Call Report form
FFIEC 051
Established
April 12, 2004
Domestic offices
5 FDIC institution directory, current count
Employees (FTE)
75
Domestic deposits
$428.8M
Allowance for credit losses
$5.2M
Net charge-offs (YTD)
$359K
Average total assets
$487.5M
Average total loans
$321.0M
Average interest-bearing deposits
$264.2M
Tax status
C corporation
Ownership
Stock
Community bank
Yes
FDIC-insured since
April 12, 2004
FDIC Cert
57626
Fed RSSD
3223305

Profitability

Q2 annualized
Return on Assets1.33%YTD 1.34%
Return on Equity11.19%YTD 11.39%
Net Interest Margin4.22%YTD 4.20%

Balance Sheet

Total liabilities$431.4M
Cash & balances due$80.4M
Securities, available-for-sale$61.5M
Securities, held-to-maturity$0
Goodwill & intangibles$0

Income Statement

Net income Q2$1.6M
Net interest income YTD$9.6M
Total interest income YTD$12.8M
Total interest expense YTD$3.2M
Provision for credit losses YTD$0

Operating & Funding

Total noninterest income YTD$897K
Total noninterest expense YTD$6.4M

Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures

Quarterly trends

Over the 12 quarters to Q2 2026, 1st State Bank's total assets ran between $449.2M (Q1 2025) and $490.1M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built

Total assets and total liabilities

$490.1M total assets against $468.2M; $431.4M total liabilities against $415.9M.

Loans and leases against deposits

$318.3M net loans and leases against $314.2M; $428.8M total deposits against $391.3M.

Securities and cash

$61.5M securities against $76.8M; $80.4M cash and balances due against $47.8M.

Interest income against interest expense

$6.5M total interest income against $6.0M; $1.7M total interest expense against $1.4M.

Net interest income

$4.8M net interest income against $4.6M.

Noninterest income against noninterest expense

$491K total noninterest income against $430K; $3.3M total noninterest expense against $3.0M.

Provision for credit losses

$0 provision for credit losses against $100K.

Net income

$1.6M net income against $1.5M.

Return on assets and net interest margin

1.33% return on assets against 1.32%; 4.22% net interest margin against 4.22%.

CET1 and Tier 1 leverage ratios

14.97% CET1 capital ratio against 13.92%; 12.27% tier 1 leverage ratio against 11.57%.

Inside the full 1st State Bank terminal

21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts

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Quarterly trend: last 8 quarters

Across the 8 quarters to Q2 2026, its return on assets ran from 1.14% (Q1 2025) to 1.55% (Q4 2025) and its net interest margin ran from 3.80% (Q3 2024) to 4.33% (Q4 2025).

Quarter CET1 ROA NPL Texas NIM
Q2 2026 14.97% 1.33% 0.35% 2.09% 4.22%
Q1 2026 14.78% 1.35% 0.65% 2.22% 4.18%
Q4 2025 14.68% 1.55% 0.66% 2.30% 4.33%
Q3 2025 14.63% 1.46% 0.60% 2.02% 4.31%
Q2 2025 13.92% 1.32% 0.63% 2.22% 4.22%
Q1 2025 13.55% 1.14% 0.98% 3.88% 3.99%
Q4 2024 14.29% 1.30% 0.86% 3.63% 3.92%
Q3 2024 13.98% 1.26% 0.89% 3.79% 3.80%

Swipe the table sideways to see every column.

Branch Network

View all 5 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.

1–5 of 5
Branch Location ZIP Deposits
1st State Bank (main office) Saginaw , MI 48604 $261.4M
State Street Branch Saginaw , MI 48603 $51.7M
Bay City Branch Bay City , MI 48708 $46.7M
Midland Branch Midland , MI 48640 $42.4M
Wilder Road Bay City Branch Bay City , MI 48706 $26.5M

Regulatory record

Facts as filed or published, not a rating.

Deposit market share
0.1% of deposits in MI, rank 49 of 95 institutions
Period: June 30, 2026. Source: FDIC Summary of Deposits.
SBA 7(a) lending
14 loans, $6.7M approved, $479K average. 0.00% of that year's loans have since been charged off
Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
Not on file
Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources

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1st State Bank: regulatory capital profile · BankRegReports

Frequently asked about 1st State Bank

What are 1st State Bank's total assets?

As of the Q2 2026 filing, 1st State Bank reported total assets of $490.1 million in its FFIEC call report.

Where is 1st State Bank headquartered?

It is headquartered in Saginaw, MI, United States.

When was 1st State Bank founded?

It was established in 2004, per the FDIC institution directory.

Is 1st State Bank FDIC-insured?

Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57626). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.

Who regulates 1st State Bank?

1st State Bank's primary federal regulator is the FDIC.

What is 1st State Bank's CET1 capital ratio?

It reported a Common Equity Tier 1 (CET1) capital ratio of 14.97% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.

How many branches does 1st State Bank operate?

It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.

What is 1st State Bank's Texas Ratio?

Its Texas Ratio is 2.09% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.

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