Lake-Osceola State Bank
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Data as of · sourced from FFIEC call reports. How we update
Lake-Osceola State Bank is an FDIC-insured commercial bank headquartered in Baldwin, MI, established in 1908 (FDIC certificate 8172), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $469.4M, up 5.0% from Q2 2025, the 37th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 20.06% 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
- 8172
- Headquarters
- Baldwin, MI
- Established
- 1908
- Total assets, Q2 2026
- $469.4M
- Assets vs Q2 2025
- +5.0%
- CET1 ratio, Q2 2026
- 20.06%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 072405604
- Latest call report
- Q2 2026, FFIEC 041 · Lake-Osceola State Bank call report
- Holding company
- LAKE FINANCIAL CORPORATION
- Asset rank in state
- 37th of 72 in Michigan
Little in Lake-Osceola State Bank's latest call report stands out. It reported $469 million in assets at June 30, 2026, up 5.0% from a year earlier. On most measures it sits near the middle of the 2,660 banks with $100 million to $1 billion in assets.
Earnings fell sharply: quarterly net income of $1.7 million was 35% below a year earlier. Over the same year, loans grew 0.1% and deposits grew 6.3%.
As of June 30, 2026, Lake-Osceola State Bank reported a CET1 capital ratio of 20.06%, a return on assets of 1.42%, a nonperforming-loan ratio of 0.24% and a Texas ratio of 1.25%. The figures come from its call report filed with the FFIEC.
Of the 72 banks headquartered in Michigan, Lake-Osceola State Bank is the 37th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 2.5% to $469.4M, loans fell 1.0% and deposits fell 1.6%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 31.2% of total loans, followed by owner-occupied commercial real estate loans at 22.4%. Its 12 offices in the FDIC Summary of Deposits are in 11 cities in MI; its Baldwin office books 31% of its branch deposits. On its Q2 2026 call report, Lake-Osceola State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 790 Michigan Ave, Baldwin, MI 49304
- County
- Lake
- 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 041
- Established
- January 1, 1908
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 79
- Domestic deposits
- $403.4M
- Allowance for credit losses
- $3.2M
- Net charge-offs (YTD)
- $208K
- Average total assets
- $473.9M
- Average total loans
- $255.8M
- Average interest-bearing deposits
- $312.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8172
- Fed RSSD
- 11145
- SEC CIK
- 1864906 → filed by LAKE FINANCIAL CORPORATION
- Website
- www.losb.com →
- Parent Holding Company
- LAKE FINANCIAL CORPORATION (RSSD 4764346)
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
Lake-Osceola State Bank's total assets moved between a low of $439.4M (Q3 2023) and a high of $481.4M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$469.4M total assets against $447.2M; $417.9M total liabilities against $403.4M.
$251.7M net loans and leases against $251.3M; $403.4M total deposits against $379.6M.
$125.6M securities against $120.8M; $66.3M cash and balances due against $47.2M.
$6.2M total interest income against $5.9M; $1.5M total interest expense against $1.6M.
$4.6M net interest income against $4.3M.
$663K total noninterest income against $588K; $3.2M total noninterest expense against $3.1M.
$9K provision for credit losses against -$3.9M.
$1.7M net income against $2.6M.
1.42% return on assets against 2.32%; 4.11% net interest margin against 3.94%.
20.06% CET1 capital ratio against 17.91%; 12.53% tier 1 leverage ratio against 12.06%.
Inside the full Lake-Osceola State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeLake-Osceola State Bank rankings
Its closest position to the top of a national ranking is 329 of 2,134, for CET1 ratio; its furthest is 2,576 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.86% (Q3 2024) to 2.32% (Q2 2025) and its net interest margin ran from 3.77% (Q4 2024) to 4.12% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 20.06% | 1.42% | 0.24% | 1.25% | 4.11% |
| Q1 2026 | 19.19% | 1.76% | 0.25% | 1.37% | 3.90% |
| Q4 2025 | 18.54% | 0.91% | 0.20% | 1.16% | 3.97% |
| Q3 2025 | 18.70% | 1.59% | 0.23% | 1.15% | 4.12% |
| Q2 2025 | 17.91% | 2.32% | 0.32% | 1.74% | 3.94% |
| Q1 2025 | 16.62% | 1.30% | 0.20% | 1.20% | 3.80% |
| Q4 2024 | 16.00% | 1.11% | 0.30% | 1.87% | 3.77% |
| Q3 2024 | 15.40% | -0.86% | 0.27% | 1.69% | 4.12% |
Swipe the table sideways to see every column.
Branch Network
View all 12 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 |
|---|---|---|---|
| Lake-Osceola State Bank (main office) | Baldwin , MI | 49304 | $124.9M |
| Reed City Branch | Reed City , MI | 49677 | $60.8M |
| Leroy Branch | Leroy , MI | 49655 | $55.8M |
| Evart Branch | Evart , MI | 49631 | $29.7M |
| Wellston Branch | Wellston , MI | 49689 | $25.4M |
| Tustin Branch | Tustin , MI | 49688 | $23.2M |
| Irons Branch | Irons , MI | 49644 | $22.6M |
| Luther Branch | Luther , MI | 49656 | $15.4M |
| Big Rapids Branch | Big Rapids , MI | 49307 | $12.4M |
| Perry Avenue Big Rapids Branch | Big Rapids , MI | 49307 | $12.2M |
| Walkerville Branch | Walkerville , MI | 49459 | $11.6M |
| Falmouth Office of Lake-Osceola State Bank Branch | Falmouth , MI | 49632 | $9.4M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 6, 1963 | Structure Change | Acquired Luther State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MI, rank 52 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $1.2M approved, $1.2M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (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 Lake-Osceola State Bank
What are Lake-Osceola State Bank's total assets?
As of the Q2 2026 filing, Lake-Osceola State Bank reported total assets of $469.4 million in its FFIEC call report.
Where is Lake-Osceola State Bank headquartered?
It is headquartered in Baldwin, MI, United States.
When was Lake-Osceola State Bank founded?
It was established in 1908, per the FDIC institution directory.
Is Lake-Osceola State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8172). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Lake-Osceola State Bank?
Lake-Osceola State Bank's primary federal regulator is the FDIC.
What is Lake-Osceola State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 20.06% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Lake-Osceola State Bank operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Lake-Osceola State Bank's Texas Ratio?
Its Texas Ratio is 1.25% 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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