Blissfield State Bank

Headquarters

204 East Jefferson
Blissfield, MI 49228
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 1.40% →
1-Year CD 0.25% 1.15% →
2-Year CD 0.45% 1.26% →
5-Year CD 1.00% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Blissfield State Bank is an FDIC insured institution located in Blissfield, MI. It was founded in 1873 and has approximately $0.1 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 976
Date Established 1873
Assets $ 98.02 million
Loans $ 47.21 million
Deposits $ 86.94 million
Capital $ 11.03 million
 

For a more detailed analysis of Blissfield State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 5, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $50 $9,999 Learn More
Money Market
0.05% $10,000 $24,999 Learn More
Money Market
0.15% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.18% $1,000 - Learn More
12 Mo CD
0.25% $1,000 - Learn More
18 Mo CD
0.35% $1,000 - Learn More
24 Mo CD
0.45% $1,000 - Learn More
36 Mo CD
0.55% $1,000 - Learn More
48 Mo CD
0.85% $1,000 - Learn More
60 Mo CD
1.00% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.70% $1,000 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.05% $1,000 $24,999 Learn MoreShow Less

Loan Rates - July 5, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Blissfield State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Blissfield State Bank
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Branches

Blissfield State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Blissfield State Bank Locations


Financial Details

Blissfield State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Blissfield State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Blissfield State Bank U.S. Bank Average
14.52% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Blissfield State Bank had $1,738,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $11,028,000 in equity and $939,000 in loans loss reserves. That gives it a Texas Ratio of 14.52%.

Return on Equity
Blissfield State Bank U.S. Bank Average
7.33% 9.41%

Blissfield State Bank has a Return on Equity of 7.33% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Blissfield State Bank U.S. Bank Average
11.25% 12.82%

Blissfield State Bank has a Capitalization of 11.25% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Blissfield State Bank Balance Sheet Analysis

As of December 31, 2019, Blissfield State Bank had assets of $98,017,000, loans of $47,206,000, and deposits of $86,940,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 5.35 million
Interest-bearing balances $ 3.88 million
Total securities $ 42.45 million
Federal funds sold and reverse repurchase $ 0.69 million
Net loans and leases $ 47.21 million
Loan loss allowance $ 0.94 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.36 million
     Total Assets $ 86.99 million
LIABILITIES
Total deposits $ 86.94 million
      Interest-bearing deposits $ 68.30 million
      Deposits held in domestic offices $ 86.94 million
      % insured (estimated) 90.40%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.05 million
      Total Liabilities $ 86.99 million
      Shareholders’ Equity $ 11.03 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 3.60 million
Total Interest Expense $ 0.39 million
Net interest income $ 3.22 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.35 million
Total non interest expense $ 2.83 million
Pre-tax Net Operating Income $ 0.65 million

Bank Loan Profile?

The top three loan types in Blissfield State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks in Michigan, Blissfield State Bank has a significantly higher percent of Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 36.82
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.23
Small Business Loans 10.81
Construction and Development Loans 0.11
Commercial Real Estate 10.82
Commercial and Industrial Loans 14.84
Farm Loans 10.88

Frequently Asked Questions About Blissfield State Bank

Branches and Savings

Is Blissfield State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #976.

Why does Blissfield State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Blissfield State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Blissfield State Bank a commercial bank?

Yes

Where are Blissfield State Bank locations?

See branch locations nearby.

Is Blissfield State Bank open on Saturdays?

Is Blissfield State Bank open on Sundays?

What time does Blissfield State Bank open?

What time does Blissfield State Bank close?

Are Blissfield State Bank ATMs Open 24/7?

Do Blissfield State Bank ATMs accept cash deposits?

Can Blissfield State Bank customers use other ATMs?

Do Blissfield State Bank branches have notaries?

Will Blissfield State Bank notarize my document?

What address for Blissfield State Bank should I put for incoming ACH transfers?

Will the Blissfield State Bank branch print checks?

Do Blissfield State Bank checks expire?

Does Blissfield State Bank require US citizenship to open account?

Can Blissfield State Bank close my account?

Does Blissfield State Bank Report to credit bureaus?

Does Blissfield State Bank Use Equifax?

What is Blissfield State Bank's ACH Routing Number?

What is Blissfield State Bank's SWIFT code?

Products

Does Blissfield State Bank offer mortgages?

Compare mortgage rates here.

Does Blissfield State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Blissfield State Bank offer personal loans?

Compare personal loan rates here.

Does Blissfield State Bank offer student loans?

Will Blissfield State Bank cash a check?

Will Blissfield State Bank redeem a savings bond?

Does Blissfield State Bank cash savings bonds?

Will Blissfield State Bank cash money orders?

Can Blissfield State Bank issue a money order?

Does Blissfield State Bank do currency exchange?

Background on The Bank

Who owns Blissfield State Bank?

How long has Blissfield State Bank been around?

Can Blissfield State Bank transfer to other banks?

Does Blissfield State Bank have quick pay?

Does Blissfield State Bank accept rolled coins?

Will Blissfield State Bank accept loose change?

Where is Blissfield State Bank headquarters?

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