First State Bank of Michigan
Asset quality shifted last quarter — NPLs rose to 1.09% from 0.53% in the prior period. Founded in 1870, First State Bank of Michigan is among the oldest continuously operating FDIC-insured banks, headquartered in Decatur, MI. The Q1 2026 balance sheet stands at $83M in assets, including $51M in loans. Earnings turned negative this period, with ROA at -1.35%. Under the simplified Community Bank Leverage Ratio framework, leverage of 14.74% exceeds the 9% CBLR threshold. Asset quality is solid — 1.09% nonperforming loans and a 4.61% Texas Ratio. It operates 2 branches, primarily in Michigan.
Headquarters Profile
- Address
- 124 S Phelps St, DECATUR, MI 49045
- County
- Van Buren
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- FED
- Fed District
- 9
- Established
- January 1, 1870
- Branches
- 2 domestic
- Employees (FTE)
- 22
- FDIC Cert
- 12893
- Fed RSSD
- 654047
- Website
- www.fsbdecatur.com →
- Parent Holding Company
- GTSB FINANCIAL, INC. (RSSD 5930577)
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First State Bank of Michigan rankings
How this bank ranks against the full population of US commercial banks in each leaderboard. Click any rank to see the full ranked list.
Quarterly trend — last 6 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
Branch Network
Every branch from the FDIC Summary of Deposits — mapped, and listed with the deposits booked at each location.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Loading branches… | |||
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Frequently asked about First State Bank of Michigan
What are First State Bank of Michigan's total assets?
As of the Q1 2026 filing, First State Bank of Michigan reported total assets of $83.2 million in its most recent FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First State Bank of Michigan headquartered?
First State Bank of Michigan is headquartered in DECATUR, MI, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was First State Bank of Michigan founded?
First State Bank of Michigan was established in 1870, per the FDIC institution directory.
Is First State Bank of Michigan FDIC-insured?
Yes. First State Bank of Michigan is an FDIC-insured commercial bank (FDIC Certificate #12893). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First State Bank of Michigan?
First State Bank of Michigan's primary federal regulator is the FED. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
How many branches does First State Bank of Michigan operate?
First State Bank of Michigan operates 2 domestic branches, per the most recent FDIC Summary of Deposits filing.
What is First State Bank of Michigan's Texas Ratio?
First State Bank of Michigan's Texas Ratio is 4.61% — within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; see our /glossary/texas-ratio/ page for the full definition.
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