Bank Safety Analysis
Is First State Bank of Michigan Safe?
FIRST STATE BANK OF MICHIGAN shows stress on 1 of 5 regulatory safety dimensions and is currently outside well-capitalized thresholds on at least one measure. Analysis based on the Q1 2026 call report.
Probabilities are produced by our independent failure-prediction model trained on FFIEC call-report history from 2001 to the most recent quarter. Test-set AUC of 0.987 (model v20260531_051346). This is not investment advice or a credit rating.
Scorecard by dimension
Peer cohort: 6: < $100M (638 banks) · Industry averages as of Q1 2026.
Leverage ratio of 14.74% exceeds the 9% Community Bank Leverage Ratio threshold — the bank is deemed well-capitalized under CBLR.
Tier 1 leverage of 14.74% is above the 5% well-capitalized threshold.
Nonperforming loans at 1.09% are within industry-normal range.
Texas Ratio of 4.6% is well below the 100% historical failure threshold.
Efficiency ratio of 126.4% suggests significant cost-to-revenue challenges.
Note: This bank has elected the Community Bank Leverage Ratio framework, a simplified capital regime for community banks meeting size and complexity criteria. Banks under CBLR don't report CET1 separately; the 9% leverage ratio threshold serves as the well-capitalized benchmark.
Banks with a similar risk profile
4 banks in the same asset tier (6: < $100M) with the same overall verdict — useful for comparing how supervisory thresholds play out across peers.
Frequently asked
Is FIRST STATE BANK OF MICHIGAN FDIC insured?
Yes. FIRST STATE BANK OF MICHIGAN is an FDIC-insured commercial bank (FDIC Certificate #12893). Customer deposits are protected up to the standard FDIC insurance limit of $250,000 per depositor, per ownership category.
Is FIRST STATE BANK OF MICHIGAN well capitalized?
Yes. FIRST STATE BANK OF MICHIGAN reports a Community Bank Leverage Ratio of 14.74% — comfortably above the regulatory well-capitalized threshold the Federal Reserve uses for Prompt Corrective Action.
What is FIRST STATE BANK OF MICHIGAN's nonperforming loan ratio?
As of the most recent call report, FIRST STATE BANK OF MICHIGAN's nonperforming loan ratio is 1.09%. Nonperforming loans at 1.09% are within industry-normal range.
What is FIRST STATE BANK OF MICHIGAN's Texas Ratio?
FIRST STATE BANK OF MICHIGAN's Texas Ratio is 4.61%. The Texas Ratio measures nonperforming assets against tangible common equity plus loan loss reserves; values above 100% are historically associated with elevated failure risk.
How safe is my money at any FDIC-insured bank?
FDIC insurance covers up to $250,000 per depositor per insured bank, per ownership category. Even if an FDIC-insured bank fails, the FDIC pays depositors up to that amount, typically within one business day of the bank's closing. Joint accounts, retirement accounts, and trust accounts have separate $250,000 coverage limits. For balances above $250,000, depositors can use multiple ownership categories or multiple FDIC-insured banks to extend coverage.
Methodology & disclaimer
This safety analysis is generated from the bank's most recent quarterly FFIEC call report and UBPR filings, evaluated against published supervisory thresholds (Prompt Corrective Action capital tiers, supervisory NPL bands, and the Texas Ratio historical failure threshold). Peer-tier averages reflect every FDIC-insured bank in the same asset-size cohort; industry averages span the full set of FDIC-insured commercial banks. ML failure-probability output is a model estimate, not a credit rating. This page is not investment advice and is not a substitute for professional analysis. FDIC insurance covers deposits up to $250,000 per depositor per ownership category at any FDIC-insured bank — including this one — regardless of the bank's safety profile. For the bank's complete financial profile, see the full profile page. See /data-updates/ for current data freshness.