Charlevoix State Bank
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Data as of · sourced from FFIEC call reports. How we update
Charlevoix State Bank is an FDIC-insured commercial bank headquartered in Charlevoix, MI, established in 1994 (FDIC certificate 33926), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $248.3M, up 2.3% from Q2 2025, the 51st largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 18.39% 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
- 33926
- Headquarters
- Charlevoix, MI
- Established
- 1994
- Total assets, Q2 2026
- $248.3M
- Assets vs Q2 2025
- +2.3%
- CET1 ratio, Q2 2026
- 18.39%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 072413683
- Latest call report
- Q2 2026, FFIEC 051 · Charlevoix State Bank call report
- Holding company
- CHARLEVOIX FIRST CORPORATION
- Asset rank in state
- 51st of 72 in Michigan
Charlevoix State Bank is one of the more profitable banks of its size. It reported $248 million in assets at June 30, 2026, up 2.3% from a year earlier. It earns about $2.58 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 0.57% on its deposits and borrowings, about a third the median of 1.80% for banks its size. A wide margin does most of the work: it keeps 4.86 cents of net interest income on every dollar of earning assets.
Earnings jumped: net income for the quarter was $1.6 million, 38% above the same quarter a year earlier. Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.22% of loans from 0.62%. One more trend to watch: loans are outrunning deposits: over the year loans rose 7.7% and deposits rose 1.8%.
As of June 30, 2026, Charlevoix State Bank reported a CET1 capital ratio of 18.39%, a return on assets of 2.58%, a nonperforming-loan ratio of 0.22% and a Texas ratio of 1.15%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Charlevoix State Bank is the 51st largest of the 72 banks headquartered in Michigan. Between Q1 2026 and Q2 2026, its total assets rose 1.2% to $248.3M, loans rose 1.3% and deposits rose 1.2%. 1-4 family residential loans made up 42.0% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 17.5%. Its 7 offices in the FDIC Summary of Deposits are in 5 cities in MI; its Charlevoix 3 offices book 67% of its branch deposits. By the capital ratios in its Q2 2026 call report, Charlevoix State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 111 State St, Charlevoix, MI 49720
- County
- Charlevoix
- 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
- August 16, 1994
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 39
- Domestic deposits
- $221.0M
- Allowance for credit losses
- $1.5M
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $242.3M
- Average total loans
- $132.3M
- Average interest-bearing deposits
- $129.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 16, 1994
- FDIC Cert
- 33926
- Fed RSSD
- 2232757
- Website
- www.charlevoixstatebank.com →
- Parent Holding Company
- CHARLEVOIX FIRST CORPORATION (RSSD 2336794)
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, Charlevoix State Bank's total assets ranged from $236.9M (Q1 2025) to $287.2M (Q3 2023), 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
$248.3M total assets against $242.7M; $224.3M total liabilities against $219.9M.
$130.4M net loans and leases against $121.0M; $221.0M total deposits against $217.0M.
$64.0M securities against $67.2M; $44.0M cash and balances due against $45.1M.
$3.0M total interest income against $2.7M; $317K total interest expense against $388K.
$2.7M net interest income against $2.3M.
$776K total noninterest income against $564K; $1.9M total noninterest expense against $1.7M.
No provision recorded in the last 12 quarters.
$1.6M net income against $1.1M.
2.58% return on assets against 1.92%; 4.86% net interest margin against 4.15%.
18.39% CET1 capital ratio against 19.42%; 10.41% tier 1 leverage ratio against 10.63%.
Inside the full Charlevoix State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCharlevoix State Bank rankings
Its closest position to the top of a national ranking is 145 of 3,611, for ROA; its furthest is 2,613 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.78% (Q3 2024) to 2.58% (Q2 2026) and its net interest margin ran from 3.68% (Q3 2024) to 4.86% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 18.39% | 2.58% | 0.22% | 1.15% | 4.86% |
| Q1 2026 | 18.50% | 2.09% | 0.31% | 1.56% | 4.60% |
| Q4 2025 | 18.42% | 2.20% | 0.63% | 3.22% | 4.61% |
| Q3 2025 | 19.15% | 2.29% | 0.60% | 2.95% | 4.21% |
| Q2 2025 | 19.42% | 1.92% | 0.62% | 3.12% | 4.15% |
| Q1 2025 | 18.86% | 1.87% | 0.17% | 0.90% | 3.94% |
| Q4 2024 | 18.91% | 1.91% | 0.10% | 0.54% | 4.05% |
| Q3 2024 | 19.12% | 1.78% | 0.10% | 0.63% | 3.68% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 |
|---|---|---|---|
| Charlevoix State Bank (main office) | Charlevoix , MI | 49720 | $148.0M |
| East Jordan Branch | East Jordan , MI | 49727 | $31.5M |
| Boyne City Branch | Boyne City , MI | 49712 | $21.7M |
| Beaver Island Branch | Beaver Island , MI | 49782 | $15.0M |
| Ellsworth Branch | Ellsworth , MI | 49729 | $4.8M |
| Southside Branch | Charlevoix , MI | 49720 | $0 |
| Www.Charlevoixstatebank.Com Branch | Charlevoix , MI | 49720 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MI, rank 68 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $48K approved, $48K 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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Frequently asked about Charlevoix State Bank
What are Charlevoix State Bank's total assets?
As of the Q2 2026 filing, Charlevoix State Bank reported total assets of $248.3 million in its FFIEC call report.
Where is Charlevoix State Bank headquartered?
It is headquartered in Charlevoix, MI, United States.
When was Charlevoix State Bank founded?
It was established in 1994, per the FDIC institution directory.
Is Charlevoix State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #33926). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Charlevoix State Bank?
Charlevoix State Bank's primary federal regulator is the FDIC.
What is Charlevoix State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 18.39% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Charlevoix State Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Charlevoix State 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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