The Shelby State Bank: Income and Expense
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Data as of · Call Report Schedule RI How we update
The Shelby State Bank reported all 18 line items on this page on its Q2 2026 filing. Net income was $973K in Q2 2026, up 54.7% from $629K in Q2 2025.
What the income and expense page covers and where each line comes from.
Open the full profitability analysis: return on equity taken apart into each income statement line's share of average assets and the leverage on equity, what moved it since a year earlier, and peers measured the same way.
Return on equity rose 2.36 percentage points from Q1 2026 to Q2 2026, ending at 12.24% against 9.88%. It was the largest change among the key lines on this page. Within Michigan, The Shelby State Bank is 48th of 72 on return on assets, 0.98% as of Q2 2026. The Shelby State Bank reported 0.98% on return on assets for Q2 2026, 0.28 points below the 1.26% median for banks in the $100M-1B asset tier.
Net income
| Line item | Q2 2026 |
|---|---|
| Net income | $973K |
| Return on assets | 0.98% |
| Return on equity | 12.24% |
Source: Call Report Schedule RI. Open the filed call report for Q2 2026 on the FFIEC CDR.
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $3.6M |
| Total interest expense | $1.1M |
| Interest expense on deposits | $955K |
| Net interest margin | 3.75% |
Source: Call Report Schedule RI. Open the filed call report for Q2 2026 on the FFIEC CDR.
Noninterest income and expense
| Line item | Q2 2026 |
|---|---|
| Total noninterest expense | $3.1M |
| Salaries and general administrative expense | $2.0M |
| Amortization of intangibles | $0 |
| Other noninterest expense | $1.1M |
| Efficiency ratio | 70.73% |
Source: Call Report Schedule RI. Open the filed call report for Q2 2026 on the FFIEC CDR.
Productivity
| Line item | Q2 2026 |
|---|---|
| Assets per employee | $5.0M |
| Revenue per employee | $224K |
| Full-time equivalent employees | 79 |
Source: Call Report Schedule RI. Open the filed call report for Q2 2026 on the FFIEC CDR.
Credit costs and securities results
| Line item | Q2 2026 |
|---|---|
| Provision for credit losses | $75K |
| Provision expense to average assets | 0.08% |
| Realized gain/(loss) on securities | $0 |
Source: Call Report Schedule RI. Open the filed call report for Q2 2026 on the FFIEC CDR.
Income and Expense trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Each bar is that quarter alone, not a year-to-date total.
Lower is better: it is expense as a share of revenue.
Income and Expense by quarter
| Quarter | Net income | Return on assets | Return on equity | Efficiency ratio |
|---|---|---|---|---|
| Q3 2023 | $444K | 0.46% | 9.67% | 83.88% |
| Q4 2023 | $797K | 0.86% | 15.73% | 76.66% |
| Q1 2024 | $400K | 0.43% | 7.08% | 85.13% |
| Q2 2024 | $401K | 0.45% | 6.98% | 84.33% |
| Q3 2024 | $488K | 0.53% | 7.79% | 83.21% |
| Q4 2024 | $464K | 0.52% | 7.13% | 83.31% |
| Q1 2025 | $566K | 0.63% | 8.60% | 77.57% |
| Q2 2025 | $629K | 0.70% | 9.05% | 76.99% |
| Q3 2025 | $734K | 0.75% | 10.03% | 75.51% |
| Q4 2025 | $1.1M | 1.16% | 14.18% | 66.01% |
| Q1 2026 | $780K | 0.80% | 9.88% | 74.86% |
| Q2 2026 | $973K | 0.98% | 12.24% | 70.73% |
The Shelby State Bank income and expense, quarter by quarter
Income and Expense since Q2 2021 · peer percentiles on every line item · watchlist alerts
Unlock this bank, freeSource: Call Report Schedule RI, Q2 2026. How these pages are built. See the full The Shelby State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 10157) · FFIEC NIC profile (RSSD 961343)