The Miners State Bank
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Data as of · sourced from FFIEC call reports. How we update
The Miners State Bank is an FDIC-insured commercial bank headquartered in Iron River, MI, established in 1932 (FDIC certificate 10928), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $134.8M, down 4.6% from Q2 2025, the 61st largest of 72 banks headquartered in Michigan. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.19% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10928
- Headquarters
- Iron River, MI
- Established
- 1932
- Total assets, Q2 2026
- $134.8M
- Assets vs Q2 2025
- -4.6%
- Tier 1 leverage ratio, Q2 2026
- 12.19%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 091109253
- Latest call report
- Q2 2026, FFIEC 051 · The Miners State Bank call report
- Holding company
- MSB BANKSHARES, INC.
- Asset rank in state
- 61st of 72 in Michigan
The Miners State Bank, based in Iron River, Michigan, reported $135 million in assets at June 30, 2026, down 4.6% from a year earlier. It shrank its loan book 5.4% over the year, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 5.5%). It also holds commercial real estate loans worth 2.5 times its capital, about double the median of 1.2 times for banks its size.
Earnings jumped: net income for the quarter was $305,000, 62% above the same quarter a year earlier. Its $25 million non-owner-occupied commercial real estate book is improving, with 0.16% past due or on nonaccrual, down from 1.66% a year earlier. Profitability lags: it returns 7.9% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.5%).
As of June 30, 2026, The Miners State Bank reported a return on assets of 0.88%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 1.87%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The Miners State Bank is the 61st largest of the 72 banks headquartered in Michigan. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 4.6% to $134.8M, loans fell 2.0% and deposits fell 5.4%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 32.1% of total loans, ahead of non-owner-occupied commercial real estate loans at 29.2%. Its 5 offices in the FDIC Summary of Deposits are in 5 cities in MI; its Iron River office books 54% of its branch deposits. On its Q2 2026 call report, The Miners State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 312 W Genesee St, Iron River, MI 49935
- County
- Iron
- 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 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1932
- Former names
- The Miners State Bank (2001)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 32
- Domestic deposits
- $117.6M
- Allowance for credit losses
- $836K
- Net charge-offs (YTD)
- $9K
- Average total assets
- $139.1M
- Average total loans
- $88.2M
- Average interest-bearing deposits
- $87.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10928
- Fed RSSD
- 255350
- Website
- www.theminersstatebank.com →
- Parent Holding Company
- MSB BANKSHARES, INC. (RSSD 2962344)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, The Miners State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, The Miners State Bank's total assets ran between $134.8M (Q2 2026) and $144.8M (Q3 2025), 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
$134.8M total assets against $141.3M; $119.3M total liabilities against $126.8M.
$85.5M net loans and leases against $90.4M; $117.6M total deposits against $125.1M.
$36.8M securities against $33.4M; $4.4M cash and balances due against $9.2M.
$1.8M total interest income against $1.7M; $396K total interest expense against $439K.
$1.4M net interest income against $1.2M.
$79K total noninterest income against -$14K; $1.0M total noninterest expense against $1.0M.
$51K provision for credit losses against $0.
$305K net income against $188K.
0.88% return on assets against 0.52%; 4.27% net interest margin against 3.78%.
12.19% tier 1 leverage ratio against 11.32%.
Inside the full The Miners State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
The Miners State Bank rankings
Its closest position to the top of a national ranking is 2,313 of 3,640, for Texas Ratio; its furthest is 3,414 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.53% (Q3 2024) to 1.28% (Q3 2025) and its net interest margin ran from 3.31% (Q3 2024) to 4.27% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.19% | 0.88% | 0.00% | 1.87% | 4.27% |
| Q1 2026 | 11.78% | 1.18% | 0.01% | 2.86% | 4.10% |
| Q4 2025 | 11.53% | 0.77% | 0.34% | 4.67% | 4.19% |
| Q3 2025 | 11.35% | 1.28% | 0.27% | 5.80% | 4.10% |
| Q2 2025 | 11.32% | 0.52% | 0.04% | 4.91% | 3.78% |
| Q1 2025 | 11.43% | 0.83% | 0.39% | 6.41% | 3.56% |
| Q4 2024 | 11.14% | 0.17% | 0.04% | 4.44% | 3.54% |
| Q3 2024 | 10.99% | -0.53% | 0.83% | 7.08% | 3.31% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| The Miners State Bank | Iron River , MI | 49935 | $63.5M |
| Ontonagon | Ontonagon , MI | 49953 | $20.6M |
| Houghton Branch | Houghton , MI | 49931 | $13.2M |
| Ripley Branch | Hancock , MI | 49930 | $10.6M |
| South Range Branch | South Range , MI | 49963 | $9.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MI, rank 80 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $875K approved, $875K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2015 (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 The Miners State Bank
What are The Miners State Bank's total assets?
As of the Q2 2026 filing, The Miners State Bank reported total assets of $134.8 million in its FFIEC call report.
Where is The Miners State Bank headquartered?
It is headquartered in Iron River, MI, United States.
When was The Miners State Bank founded?
It was established in 1932, per the FDIC institution directory.
Is The Miners State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10928). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Miners State Bank?
The Miners State Bank's primary federal regulator is the FDIC.
How many branches does The Miners State Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Miners State Bank's Texas Ratio?
Its Texas Ratio is 1.87% 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.
What was The Miners State Bank previously called?
The charter now named The Miners State Bank has also operated as The Miners State Bank (2001), per FDIC structure-change records.
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