Peoples State Bank of Munising
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Data as of · sourced from FFIEC call reports. How we update
Peoples State Bank of Munising is an FDIC-insured commercial bank headquartered in Munising, MI, established in 1910 (FDIC certificate 15165), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $190.4M, down 4.1% from Q2 2025, the 55th largest of 72 banks headquartered in Michigan. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.75% 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
- 15165
- Headquarters
- Munising, MI
- Established
- 1910
- Total assets, Q2 2026
- $190.4M
- Assets vs Q2 2025
- -4.1%
- Tier 1 leverage ratio, Q2 2026
- 12.75%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 091103181
- Latest call report
- Q2 2026, FFIEC 051 · Peoples State Bank of Munising call report
- Holding company
- PEOPLES STATE BANCORP, INC.
- Asset rank in state
- 55th of 72 in Michigan
Problem loans are rising at Peoples State Bank of Munising. Its balance sheet stood at $190 million at June 30, 2026, down 4.1% from a year earlier; it is based in Munising, Michigan. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.39% of loans from 1.28% a year earlier. It earns about $0.44 a year on every $100 of assets, about a third the median of $1.28 for the 2,627 banks with $100 million to $1 billion in assets. It also spends about 83 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Delinquency has appeared in its $43 million non-owner-occupied commercial real estate book: 8.01% of those loans are past due or on nonaccrual, against almost none a year earlier. Net income for the quarter slipped 23% from a year earlier, to $206,000. Credit is the area to watch: it carries problem assets equal to 15.5% of the capital and reserves that would absorb them, 5.8 times the median of 2.7% for banks its size.
As of June 30, 2026, Peoples State Bank of Munising reported a return on assets of 0.44%, a nonperforming-loan ratio of 3.39% and a Texas ratio of 15.47%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Peoples State Bank of Munising is the 55th largest of the 72 banks headquartered in Michigan. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.2% to $190.4M, loans fell 0.1% and deposits fell 0.9%. Non-owner-occupied commercial real estate loans made up 39.1% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 21.7%. The FDIC Summary of Deposits lists 5 offices for it, in 5 cities in MI; its Munising office books 75% of its branch deposits. On its Q2 2026 call report, Peoples State Bank of Munising meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 100 E Superior St, Munising, MI 49862
- County
- Alger
- 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
- June 7, 1910
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 35
- Domestic deposits
- $142.0M
- Allowance for credit losses
- $2.2M
- Net charge-offs (YTD)
- $18K
- Average total assets
- $187.4M
- Average total loans
- $110.7M
- Average interest-bearing deposits
- $94.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 29, 1935
- FDIC Cert
- 15165
- Fed RSSD
- 262956
- Website
- www.psbup.com →
- Parent Holding Company
- PEOPLES STATE BANCORP, INC. (RSSD 3072017)
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, Peoples State Bank of Munising reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Peoples State Bank of Munising's total assets moved between a low of $182.3M (Q4 2025) and a high of $206.2M (Q3 2024) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$190.4M total assets against $198.5M; $167.5M total liabilities against $177.4M.
$108.5M net loans and leases against $112.2M; $142.0M total deposits against $149.9M.
$56.7M securities against $63.4M; $11.7M cash and balances due against $9.0M.
$2.0M total interest income against $2.1M; $573K total interest expense against $713K.
$1.4M net interest income against $1.4M.
$219K total noninterest income against $214K; $1.4M total noninterest expense against $1.3M.
No provision recorded in the last 12 quarters.
$206K net income against $269K.
0.44% return on assets against 0.54%; 3.33% net interest margin against 2.98%.
12.75% tier 1 leverage ratio against 11.54%.
Inside the full Peoples State Bank of Munising 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Peoples State Bank of Munising rankings
Its closest position to the top of a national ranking is 292 of 3,640, for Texas Ratio; its furthest is 3,330 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.42% (Q1 2026) to 1.05% (Q4 2025) and its net interest margin ran from 2.67% (Q4 2024) to 3.50% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.75% | 0.44% | 3.39% | 15.47% | 3.33% |
| Q1 2026 | 12.64% | 0.42% | 3.59% | 16.64% | 3.21% |
| Q4 2025 | 11.49% | 1.05% | 3.34% | 15.03% | 3.27% |
| Q3 2025 | 11.95% | 0.68% | 3.89% | 19.10% | 3.50% |
| Q2 2025 | 11.54% | 0.54% | 1.28% | 6.60% | 2.98% |
| Q1 2025 | 10.93% | 0.49% | 1.25% | 6.78% | 2.88% |
| Q4 2024 | 10.90% | 0.45% | 1.23% | 7.04% | 2.67% |
| Q3 2024 | 10.89% | 0.75% | 1.25% | 6.73% | 3.16% |
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 |
|---|---|---|---|
| Peoples State Bank of Munising (main office) | Munising , MI | 49862 | $106.7M |
| Grand Marais Branch | Grand Marais , MI | 49839 | $12.6M |
| Chatham Branch | Chatham , MI | 49816 | $7.7M |
| Wetmore Branch | Wetmore , MI | 49895 | $7.7M |
| Au Train Branch | Au Train , MI | 49806 | $7.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MI, rank 76 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $5.0M approved, $5.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2022 (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 Peoples State Bank of Munising
What are Peoples State Bank of Munising's total assets?
As of the Q2 2026 filing, Peoples State Bank of Munising reported total assets of $190.4 million in its FFIEC call report.
Where is Peoples State Bank of Munising headquartered?
It is headquartered in Munising, MI, United States.
When was Peoples State Bank of Munising founded?
It was established in 1910, per the FDIC institution directory.
Is Peoples State Bank of Munising FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15165). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Peoples State Bank of Munising?
Peoples State Bank of Munising's primary federal regulator is the FDIC.
How many branches does Peoples State Bank of Munising operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Peoples State Bank of Munising's Texas Ratio?
Its Texas Ratio is 15.47% 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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