The Shelby State Bank
Also written as SSB
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Data as of · sourced from FFIEC call reports. How we update
The Shelby State Bank is an FDIC-insured commercial bank headquartered in Shelby, MI, established in 1910 (FDIC certificate 10157), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $397.0M, up 8.9% from Q2 2025, the 42nd largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 13.75% 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
- 10157
- Headquarters
- Shelby, MI
- Established
- 1910
- Total assets, Q2 2026
- $397.0M
- Assets vs Q2 2025
- +8.9%
- CET1 ratio, Q2 2026
- 13.75%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 072411708
- Latest call report
- Q2 2026, FFIEC 041 · The Shelby State Bank Q3 2026 call report, filed October 13, 2026 (preliminary)
- Holding company
- SHELBY FINANCIAL CORPORATION
- Asset rank in state
- 42nd of 72 in Michigan
The Shelby State Bank operates with a thinner capital cushion than most banks of its size. Based in Shelby, Michigan, it had $397 million in assets at June 30, 2026, up 8.9% from a year earlier. It funds 9.06% of its assets with Tier 1 capital, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). On the other hand, it pays an average of 1.21% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Earnings jumped: net income for the quarter was $973,000, 55% above the same quarter a year earlier. Its $64 million non-owner-occupied commercial real estate book is now fully current, after 0.64% of it was past due or on nonaccrual a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.2 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, The Shelby State Bank reported a CET1 capital ratio of 13.75%, a return on assets of 0.98%, a nonperforming-loan ratio of 0.01% and a Texas ratio of 0.87%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The Shelby State Bank is the 42nd largest of the 72 banks headquartered in Michigan. From Q1 2026 to Q2 2026, its total assets rose 1.4% to $397.0M, loans rose 0.2% and deposits fell 2.0%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 29.1% of total loans, ahead of 1-4 family residential loans at 24.6%. Its 9 offices in the FDIC Summary of Deposits are in 9 cities in MI; its Shelby office books 24% of its branch deposits. On its Q2 2026 call report, The Shelby State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 242 N Michigan Ave, Shelby, MI 49455
- County
- Oceana
- 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
- March 2, 1910
- Former names
- The Shelby State Bank (1990)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 79
- Domestic deposits
- $339.5M
- Allowance for credit losses
- $2.6M
- Net charge-offs (YTD)
- $36K
- Average total assets
- $396.8M
- Average total loans
- $219.7M
- Average interest-bearing deposits
- $232.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10157
- Fed RSSD
- 961343
- Website
- www.shelbybank.com →
- Parent Holding Company
- SHELBY FINANCIAL CORPORATION (RSSD 1493001)
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
Over the 12 quarters to Q2 2026, The Shelby State Bank's total assets ran between $354.0M (Q1 2025) and $397.0M (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
$397.0M total assets against $364.4M; $364.9M total liabilities against $336.1M.
$216.0M net loans and leases against $210.5M; $339.5M total deposits against $327.0M.
$134.4M securities against $117.2M; $27.8M cash and balances due against $17.3M.
$4.6M total interest income against $3.9M; $1.1M total interest expense against $903K.
$3.5M net interest income against $3.0M.
$889K total noninterest income against $844K; $3.1M total noninterest expense against $3.0M.
$75K provision for credit losses against $75K.
$973K net income against $629K.
0.98% return on assets against 0.70%; 3.75% net interest margin against 3.49%.
13.75% CET1 capital ratio against 13.32%; 9.06% tier 1 leverage ratio against 9.36%.
Inside the full The Shelby 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 Shelby State Bank rankings
Its closest position to the top of a national ranking is 2,058 of 4,196, for total assets; its furthest is 2,802 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.52% (Q4 2024) to 1.16% (Q4 2025) and its net interest margin ran from 3.19% (Q3 2024) to 3.75% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.75% | 0.98% | 0.01% | 0.87% | 3.75% |
| Q1 2026 | 13.51% | 0.80% | 0.01% | 0.07% | 3.68% |
| Q4 2025 | 13.75% | 1.16% | 0.13% | 0.85% | 3.71% |
| Q3 2025 | 13.40% | 0.75% | 0.09% | 1.28% | 3.56% |
| Q2 2025 | 13.32% | 0.70% | 0.15% | 1.76% | 3.49% |
| Q1 2025 | 13.57% | 0.63% | 0.20% | 1.42% | 3.33% |
| Q4 2024 | 13.71% | 0.52% | 0.10% | 0.74% | 3.26% |
| Q3 2024 | 13.24% | 0.53% | 0.10% | 0.70% | 3.19% |
Swipe the table sideways to see every column.
Branch Network
View all 9 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 Shelby State Bank | Shelby , MI | 49455 | $82.3M |
| Whitelake Branch | Whitehall Township , MI | 49461 | $42.8M |
| Montague Branch | Montague , MI | 49437 | $37.6M |
| Pentwater Branch | Pentwater , MI | 49449 | $37.0M |
| Hart Branch | Hart , MI | 49420 | $36.2M |
| Ludington Branch | Ludington , MI | 49431 | $34.1M |
| Dalton Township Branch | Dalton Township , MI | 49445 | $26.4M |
| Hesperia Branch | Hesperia , MI | 49421 | $21.7M |
| Airline Road Branch | Fruitport Township , MI | 49415 | $21.4M |
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 |
|---|---|---|---|
| October 1, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1990 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MI, rank 57 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 105 applications, 70 loans originated, $17.7M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $1.1M approved, $1.1M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Shelby State Bank
What are The Shelby State Bank's total assets?
As of the Q2 2026 filing, The Shelby State Bank reported total assets of $397.0 million in its FFIEC call report.
Where is The Shelby State Bank headquartered?
It is headquartered in Shelby, MI, United States.
When was The Shelby State Bank founded?
It was established in 1910, per the FDIC institution directory.
Is The Shelby State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10157). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Shelby State Bank?
The Shelby State Bank's primary federal regulator is the FDIC.
What is The Shelby State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.75% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Shelby State Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Shelby State Bank's Texas Ratio?
Its Texas Ratio is 0.87% 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 Shelby State Bank previously called?
The charter now named The Shelby State Bank has also operated as The Shelby State Bank (1990), per FDIC structure-change records.
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