Central Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Central Savings Bank is an FDIC-insured commercial bank headquartered in Sault Sainte Marie, MI, established in 1902 (FDIC certificate 1095), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $516.8M, up 12.4% from Q2 2025, the 32nd largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 14.54% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 1095
- Headquarters
- Sault Sainte Marie, MI
- Established
- 1902
- Total assets, Q2 2026
- $516.8M
- Assets vs Q2 2025
- +12.4%
- CET1 ratio, Q2 2026
- 14.54%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 091101280
- Latest call report
- Q2 2026, FFIEC 041 · Central Savings Bank call report
- Holding company
- CENTRAL BANK CORPORATION
- Asset rank in state
- 32nd of 72 in Michigan
Central Savings Bank runs leaner than most banks of its size. Based in Sault Sainte Marie, Michigan, it had $517 million in assets at June 30, 2026, up 12.4% from a year earlier. It spends about 42 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). It also grew its loan book 27.6% over the year, 5.0 times the median of 5.5% for banks its size.
Earnings jumped: net income for the quarter was $2.3 million, 60% above the same quarter a year earlier. Over the same year, loans grew 27.6% and deposits grew 6.9%. Where it has less room is capital: it funds 9.54% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, Central Savings Bank reported a CET1 capital ratio of 14.54%, a return on assets of 1.80%, a nonperforming-loan ratio of 0.16% and a Texas ratio of 1.15%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Central Savings Bank is the 32nd largest of the 72 banks headquartered in Michigan. Between Q1 2026 and Q2 2026, its total assets rose 5.8% to $516.8M, loans rose 5.4% and deposits rose 3.8%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 25.3% of total loans, followed by owner-occupied commercial real estate loans at 20.6%. Its 9 offices in the FDIC Summary of Deposits are in 8 cities in MI; its Sault Sainte Marie 2 offices book 79% of its branch deposits. On its Q2 2026 call report, Central Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 511 Bingham Ave, Sault Sainte Marie, MI 49783
- County
- Chippewa
- Metro Area
- Sault Ste. Marie, MI
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- December 2, 1902
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 74
- Domestic deposits
- $447.4M
- Allowance for credit losses
- $4.1M
- Net charge-offs (YTD)
- $4K
- Average total assets
- $516.1M
- Average total loans
- $332.0M
- Average interest-bearing deposits
- $296.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1095
- Fed RSSD
- 382050
- Website
- www.centralsavingsbank.com →
- Parent Holding Company
- CENTRAL BANK CORPORATION (RSSD 1246805)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
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
From Q3 2023 to Q2 2026, Central Savings Bank's total assets ranged from $430.4M (Q4 2023) to $516.8M (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
$516.8M total assets against $459.7M; $471.7M total liabilities against $423.0M.
$343.5M net loans and leases against $268.8M; $447.4M total deposits against $418.7M.
$101.2M securities against $112.9M; $48.3M cash and balances due against $54.5M.
$7.2M total interest income against $6.4M; $1.3M total interest expense against $1.2M.
$5.9M net interest income against $5.2M.
$1.0M total noninterest income against $648K; $2.9M total noninterest expense against $2.6M.
$62K provision for credit losses against $419K.
$2.3M net income against $1.5M.
1.80% return on assets against 1.23%; 4.85% net interest margin against 4.78%.
14.54% CET1 capital ratio against 13.53%; 9.54% tier 1 leverage ratio against 9.14%.
Inside the full Central Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCentral Savings Bank rankings
Its closest position to the top of a national ranking is 276 of 3,606, for efficiency ratio; its furthest is 2,614 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.23% (Q2 2025) to 2.49% (Q4 2025) and its net interest margin ran from 4.10% (Q1 2025) to 4.93% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.54% | 1.80% | 0.16% | 1.15% | 4.85% |
| Q1 2026 | 14.62% | 2.21% | 0.01% | 0.05% | 4.67% |
| Q4 2025 | 14.06% | 2.49% | 0.04% | 0.43% | 4.93% |
| Q3 2025 | 14.08% | 1.66% | 0.05% | 0.47% | 4.74% |
| Q2 2025 | 13.53% | 1.23% | 0.07% | 0.60% | 4.78% |
| Q1 2025 | 14.85% | 1.69% | 0.08% | 0.66% | 4.10% |
| Q4 2024 | 14.27% | 1.91% | 0.51% | 3.86% | 4.26% |
| Q3 2024 | 14.76% | 1.30% | 0.19% | 1.36% | 4.13% |
Swipe the table sideways to see every column.
Branch Network
View all 9 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.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Central Savings Bank (main office) | Sault Sainte Marie , MI | 49783 | $342.0M |
| Rudyard Branch | Rudyard , MI | 49780 | $23.0M |
| Pickford Branch | Pickford , MI | 49774 | $19.0M |
| St. Ignace Branch | St. Ignace , MI | 49781 | $14.5M |
| De Tour Branch | De Tour , MI | 49725 | $12.4M |
| Mackinac Island Branch | Mackinac Island , MI | 49757 | $12.1M |
| Business Spur Branch | Sault Sainte Marie , MI | 49783 | $10.3M |
| Kinross Branch | Kincheloe , MI | 49788 | $7.5M |
| Cedarville Branch | Cedarville , MI | 49719 | $6.6M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 1 against individuals associated with it
- Period: Most recent action January 3, 2023. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in MI, rank 46 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $1.5M approved, $765K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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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Frequently asked about Central Savings Bank
What are Central Savings Bank's total assets?
As of the Q2 2026 filing, Central Savings Bank reported total assets of $516.8 million in its FFIEC call report.
Where is Central Savings Bank headquartered?
It is headquartered in Sault Sainte Marie, MI, United States.
When was Central Savings Bank founded?
It was established in 1902, per the FDIC institution directory.
Is Central Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1095). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Central Savings Bank?
Central Savings Bank's primary federal regulator is the Federal Reserve.
What is Central Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.54% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Central Savings Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Central Savings Bank's Texas Ratio?
Its Texas Ratio is 1.15% 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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