First State Bank of Michigan: Vital Signs
Data as of · Call Report Schedules RC, RC-N, RC-R and RI How we update
The headline measure from each supervisory category on one page: capital adequacy, asset quality, earnings and liquidity, the same four corners a CAMELS examiner works through.
The standout move of Q2 2026 was in Loan-to-deposit ratio: 12.40 percentage points higher than in Q1 2026, at 89.16%. First State Bank of Michigan has the 2nd lowest return on assets of the 72 banks headquartered in Michigan, at -1.29% as of Q2 2026. First State Bank of Michigan's return on assets of -1.29% is well below the 0.98% median for banks in the < $100M asset tier, a gap of 2.28 points (Q2 2026).
Capital adequacy
| Line item | Q2 2026 |
|---|---|
| CET1 capital ratio | — |
| Tier 1 risk-based capital ratio | — |
| Total risk-based capital ratio | — |
| Tier 1 leverage ratio | 13.89% |
| Equity capital to assets | 16.95% |
| Tangible equity to tangible assets | 13.46% |
Asset quality
| Line item | Q2 2026 |
|---|---|
| Non-performing loans to loans | 0.81% |
| Non-performing assets ratio | 0.67% |
| Net charge-off ratio | 0.00% |
| Texas ratio | 5.23% |
| Allowance for credit losses to loans | 0.95% |
| Reserve coverage of non-performing loans | 117.12% |
Earnings
| Line item | Q2 2026 |
|---|---|
| Return on assets | -1.29% |
| Return on equity | -7.33% |
| Net interest margin | 3.85% |
| Efficiency ratio | 130.37% |
| Yield on earning assets | 5.91% |
| Cost of funds | 2.23% |
Liquidity and funding
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 89.16% |
| Core deposits to total deposits | 94.98% |
| Brokered deposits to total deposits | 34.09% |
| Deposits to assets | 81.55% |
| Securities to assets | 7.27% |
Vital Signs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Vital Signs by quarter
| Quarter | Tier 1 leverage | ROA | Net interest margin | NPL ratio | Net charge-off ratio |
|---|---|---|---|---|---|
| Q3 2023 | 22.01% | 0.50% | 3.66% | 0.00% | 0.00% |
| Q4 2023 | 21.64% | 0.10% | 3.52% | 0.00% | 0.03% |
| Q1 2024 | 21.06% | 0.29% | 3.33% | 0.00% | 0.00% |
| Q2 2024 | 21.78% | 0.34% | 3.64% | 0.00% | 0.25% |
| Q3 2024 | 20.64% | -4.78% | 3.17% | 0.00% | 0.01% |
| Q4 2024 | 22.08% | 0.72% | 3.30% | 0.00% | 0.07% |
| Q1 2025 | 19.77% | -1.73% | 4.51% | 0.00% | 0.00% |
| Q2 2025 | 21.15% | -1.25% | 5.17% | 0.00% | 0.21% |
| Q3 2025 | 19.53% | -1.46% | 4.74% | 0.70% | 0.00% |
| Q4 2025 | 18.30% | -1.67% | 4.47% | 0.53% | 0.01% |
| Q1 2026 | 14.74% | -1.35% | 3.59% | 1.09% | 0.00% |
| Q2 2026 | 13.89% | -1.29% | 3.85% | 0.81% | 0.00% |
First State Bank of Michigan vital signs, all the way back
Vital Signs back to 2001 · peer percentiles on every line item · Excel export
Unlock First State Bank of Michigan, freeSource: Call Report Schedules RC, RC-N, RC-R and RI, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full First State Bank of Michigan profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 12893) · FFIEC NIC profile (RSSD 654047)