Peoples State Bank of Munising

100 East Superior Street
Munising, MI 49862

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15165
Date Established 1910
Assets $0.14 billion
Loans $0.09 billion
Deposits $0.12 billion
Capital $0.02 billion

Peoples State Bank of Munising is an FDIC insured institution located in Munising, MI. It was founded in 1910 and has approximately $0.14 billion in assets. Customers can open an account at one of its 5 branches.

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

Deposit Rates - October 17, 2019

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
3 Mo CD
0.65% $1,000 - Learn MoreShow Less
6 Mo CD
0.80% $1,000 - Learn MoreShow Less
12 Mo CD
0.95% $500 - Learn MoreShow Less
18 Mo CD
1.05% $500 - Learn MoreShow Less
24 Mo CD
1.50% $500 - Learn MoreShow Less
36 Mo CD
1.75% $500 - Learn MoreShow Less
48 Mo CD
1.50% $500 - Learn MoreShow Less
60 Mo CD
1.65% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.95% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - October 17, 2019

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Peoples State Bank of Munising

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

Featured - Washington 30 Year Fixed Mortgage Rates 2019

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Payment
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Infinity Mortgage Group
NMLS ID: 35972
License#: NMLS 35972
3.554% 3.500% 0.25 $1,714 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.515% 3.500% 0.25 $478 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
3.662% 3.625% 0.50 $1,148 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to Peoples State Bank of Munising
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Branches

Peoples State Bank of Munising 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:
Seattle,Washington


Peoples State Bank of Munising Locations


Financial Details

Peoples State Bank of Munising Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Peoples State Bank of Munising. 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
Peoples State Bank of Munising U.S. Bank Average
4.12% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, Peoples State Bank of Munising had $385,000 in non-current loans and $478,000 in owned real estate. To cover these potential losses it had $19,072,000 in equity and $1,879,000 in loans loss reserves. That gives it a Texas Ratio of 4.12%.

Return on Equity
Peoples State Bank of Munising U.S. Bank Average
11.81% 9.50%

Peoples State Bank of Munising has a Return on Equity of 11.81% versus the BestCashCow average of 9.50%. 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
Peoples State Bank of Munising U.S. Bank Average
13.37% 12.76%

Peoples State Bank of Munising has a Capitalization of 13.37% versus the BestCashCow average of 12.76. 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.

Peoples State Bank of Munising Balance Sheet Analysis

As of June 30, 2019, Peoples State Bank of Munising had assets of $142,656,000, loans of $91,783,000, and deposits of $122,108,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.12 billion
LIABILITIES
Total deposits $0.12 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.12 billion
      % insured (estimated) 75.73%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.12 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Peoples State Bank of Munising’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Michigan, Peoples State Bank of Munising has a significantly higher percent of Small Business 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 22.12
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.61
Small Business Loans 33.33
Construction and Development Loans 7.38
Commercial Real Estate 47.46
Commercial and Industrial Loans 14.32
Farm Loans 0.00

Frequently Asked Questions About Peoples State Bank Of Munising

Branches and Savings

Is Peoples State Bank Of Munising FDIC insured?

Yes. It is covered under FDIC Certificate #15165.

Why does Peoples State Bank Of Munising pay such low interest on savings accounts?

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

Why are Peoples State Bank Of Munising CD rates not competitive?

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

Is Peoples State Bank Of Munising a commercial bank?

Yes

Where are Peoples State Bank Of Munising locations?

See branch locations nearby.

Is Peoples State Bank Of Munising open on Saturdays?

Is Peoples State Bank Of Munising open on Sundays?

What time does Peoples State Bank Of Munising open?

What time does Peoples State Bank Of Munising close?

Are Peoples State Bank Of Munising ATMs Open 24/7?

Do Peoples State Bank Of Munising ATMs accept cash deposits?

Can Peoples State Bank Of Munising customers use other ATMs?

Do Peoples State Bank Of Munising branches have notaries?

Will Peoples State Bank Of Munising notarize my document?

What address for Peoples State Bank Of Munising should I put for incoming ACH transfers?

Will the Peoples State Bank Of Munising branch print checks?

Do Peoples State Bank Of Munising checks expire?

Does Peoples State Bank Of Munising require US citizenship to open account?

Can Peoples State Bank Of Munising close my account?

Does Peoples State Bank Of Munising Report to credit bureaus?

Does Peoples State Bank Of Munising Use Equifax?

What is Peoples State Bank Of Munising's ACH Routing Number?

What is Peoples State Bank Of Munising's SWIFT code?

Products

Does Peoples State Bank Of Munising offer mortgages?

Compare mortgage rates here.

Does Peoples State Bank Of Munising offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Peoples State Bank Of Munising offer personal loans?

Compare personal loan rates here.

Does Peoples State Bank Of Munising offer student loans?

Will Peoples State Bank Of Munising cash a check?

Will Peoples State Bank Of Munising redeem a savings bond?

Does Peoples State Bank Of Munising cash savings bonds?

Will Peoples State Bank Of Munising cash money orders?

Can Peoples State Bank Of Munising issue a money order?

Does Peoples State Bank Of Munising do currency exchange?

Background on The Bank

Who owns Peoples State Bank Of Munising?

How long has Peoples State Bank Of Munising been around?

Can Peoples State Bank Of Munising transfer to other banks?

Does Peoples State Bank Of Munising have quick pay?

Does Peoples State Bank Of Munising accept rolled coins?

Will Peoples State Bank Of Munising accept loose change?

Where is Peoples State Bank Of Munising headquarters?

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