Upper Peninsula State Bank
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Data as of · sourced from FFIEC call reports. How we update
Upper Peninsula State Bank is an FDIC-insured commercial bank headquartered in Escanaba, MI, established in 1902 (FDIC certificate 1090), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $371.7M, up 6.5% from Q2 2025, the 45th largest of 72 banks headquartered in Michigan. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.42% 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
- 1090
- Headquarters
- Escanaba, MI
- Established
- 1902
- Total assets, Q2 2026
- $371.7M
- Assets vs Q2 2025
- +6.5%
- Tier 1 leverage ratio, Q2 2026
- 13.42%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 091101138
- Holding company
- S.B.E. CORP.
- Asset rank in state
- 45th of 72 in Michigan
Problem loans are rising at Upper Peninsula State Bank. Based in Escanaba, Michigan, it had $372 million in assets at June 30, 2026, up 6.5% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.09% of loans from 0.00% a year earlier. It keeps 4.55 cents of net interest income on every dollar of earning assets, higher than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also grew its loan book 11.8% over the year, about double the median of 5.5% for banks its size.
Net income for the quarter rose 26% from a year earlier, to $1.4 million. Over the same year, loans grew 11.8% and deposits grew 4.6%.
As of June 30, 2026, Upper Peninsula State Bank reported a return on assets of 1.55%, a nonperforming-loan ratio of 1.09% and a Texas ratio of 6.35%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Upper Peninsula State Bank is the 45th largest of the 72 banks headquartered in Michigan. Between Q1 2026 and Q2 2026, its total assets rose 0.2% to $371.7M, loans rose 4.0% and deposits rose 1.7%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 34.6% of total loans, ahead of owner-occupied commercial real estate loans at 25.0%. The FDIC Summary of Deposits lists 5 offices for it, in 5 cities in MI; its Escanaba office books 83% of its branch deposits. On its Q2 2026 call report, Upper Peninsula State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 430 N Lincoln Rd, Escanaba, MI 49829
- County
- Delta
- Metro Area
- Escanaba, MI
- 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 041
- Established
- January 1, 1902
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 60
- Domestic deposits
- $303.6M
- Allowance for credit losses
- $4.1M
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $366.7M
- Average total loans
- $301.1M
- Average interest-bearing deposits
- $261.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1090
- Fed RSSD
- 236957
- SEC CIK
- 1285452 → filed by S.B.E. CORP.
- Website
- http://www.upstatebank.net →
- Parent Holding Company
- S.B.E. CORP. (RSSD 1129159)
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, Upper Peninsula 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, Upper Peninsula State Bank's total assets ran between $301.2M (Q3 2023) and $371.7M (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
$371.7M total assets against $349.0M; $322.8M total liabilities against $304.0M.
$305.0M net loans and leases against $273.1M; $303.6M total deposits against $290.3M.
$24.0M securities against $28.9M; $10.6M cash and balances due against $20.6M.
$5.4M total interest income against $5.0M; $1.6M total interest expense against $1.6M.
$3.8M net interest income against $3.4M.
$502K total noninterest income against $510K; $2.5M total noninterest expense against $2.3M.
$30K provision for credit losses against $30K.
$1.4M net income against $1.1M.
1.55% return on assets against 1.29%; 4.55% net interest margin against 4.20%.
13.42% tier 1 leverage ratio against 13.10%.
Inside the full Upper Peninsula 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Upper Peninsula State Bank rankings
Its closest position to the top of a national ranking is 1,069 of 3,640, for Texas Ratio; its furthest is 2,161 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.84% (Q1 2025) to 1.55% (Q2 2026) and its net interest margin ran from 3.82% (Q1 2025) to 4.55% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.42% | 1.55% | 1.09% | 6.35% | 4.55% |
| Q1 2026 | 13.12% | 1.28% | 1.17% | 6.73% | 4.32% |
| Q4 2025 | 13.04% | 1.25% | 1.42% | 8.22% | 4.42% |
| Q3 2025 | 13.24% | 1.54% | 0.00% | 0.00% | 4.40% |
| Q2 2025 | 13.10% | 1.29% | 0.00% | 0.38% | 4.20% |
| Q1 2025 | 13.20% | 0.84% | 0.03% | 0.74% | 3.82% |
| Q4 2024 | 13.43% | 1.23% | 0.10% | 1.10% | 4.08% |
| Q3 2024 | 13.57% | 1.18% | 0.15% | 0.95% | 3.97% |
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 |
|---|---|---|---|
| Upper Peninsula State Bank (main office) | Escanaba , MI | 49829 | $253.3M |
| Iron Mountain Branch | Iron Mountain , MI | 49801 | $17.3M |
| Lowrie Avenue Branch | Gladstone , MI | 49837 | $12.9M |
| Marquette Branch | Marquette , MI | 49855 | $11.7M |
| Houghton Branch | Houghton , MI | 49931 | $8.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MI, rank 62 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $427K approved, $214K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Upper Peninsula State Bank
What are Upper Peninsula State Bank's total assets?
As of the Q2 2026 filing, Upper Peninsula State Bank reported total assets of $371.7 million in its FFIEC call report.
Where is Upper Peninsula State Bank headquartered?
It is headquartered in Escanaba, MI, United States.
When was Upper Peninsula State Bank founded?
It was established in 1902, per the FDIC institution directory.
Is Upper Peninsula State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1090). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Upper Peninsula State Bank?
Upper Peninsula State Bank's primary federal regulator is the FDIC.
How many branches does Upper Peninsula State Bank 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 Upper Peninsula State Bank's Texas Ratio?
Its Texas Ratio is 6.35% 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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